Sell-side advisory

Sole financial advisor to Abertis on its reorganization into two independent companies

AZ Capital has advised Abertis on its reorganization process to focus on toll roads, telecommunications and airports and to spin off its car park and logistics park businesses into a new company named Saba Infraestructuras with an equity value of €399 MM. AZ Capital acted as a sole advisor to find a new shareholder base for Saba Infraestructuras.

Abertis shareholders could opt to receive a dividend in cash or in Saba Infraestructuras’ shares. The shares that weren’t allocated to Abertis’ shareholders were sold to Torreal, ProA Capital and the “la Caixa” Group.

Sector: Infrastructures