ABERTIS A ACQUIS 4,58 % DU CONCESSIONNAIRE AUTOROUTIER PORTUGAIS BRISA

Désormais, Abertis monte à 14,58 % dans Brisa.


- L'opération s'est faite au prix du marché le 14 novembre dernier et a été communiquée au Président de Brisa une fois finalisée. La prise de participation n'excédait aucun seuil qui nécessitait d'être publiée.

- La société a saisi l'opportunité de la vente d'un paquet d'actions. En totale adéquation avec la logique de stratégie et le plan de croissance, cet investissement renforce la position d'abertis dans le secteur autoroutier portugais, présent depuis 1998 à travers Auto-Estradas do Atlântico (AEA) et Brisa depuis 2002.

- The strategic agreement between Abertis and Brisa lost effect in December 2005 when Brisa lowered its stake in Abertis (to 1%) to well below the minimum agreed level. Accordingly, since then both companies have been operating independently.

- abertis reiterates its confidence in Brisa's future and its commitment to the stable relationship maintained since 2002.

Barcelona, 23 November 2007. The abertis Group has acquired 4.58% stake of Portuguese toll road concessionaire Brisa for E272.2 Mn, equivalent to a price of E9.85 per share. The transaction, carried out on 14 November by Abertis Portugal SGPS, the Group's Portuguese unit, raises the company's shareholding to 14.58%. Brisa is Portugal's leading concession company, managing more than 1,100 kilometres of toll roads.

This increase in abertis' stake in Brisa is designed to maintain co-operation between the companies and the stability of Brisa's shareholder core, and it was notified to the Portuguese company's chairman.

abertis first bought into Brisa in 2002, when it was called Acesa Infraestructuras, acquiring a 10% stake for E309 Mn. Brisa's shares are listed on the Lisbon Stock Exchange. The company's market cap stands at around E6,000 Mn.

The sale of up to 1% of Brisa's shareholding in abertis at the end of 2005 effectively meant the end of the pact in force since 2002, when the companies agreed to maintain cross shareholdings. Since the sale, both abertis -which has held a stable position in Brisa- and Brisa have been operating independently, as seen by the groups' expansion in different markets (e.g., the US, Brazil and Italy) and by Brisa's shareholder structure.

Brisa's main shareholders are the Mello Group, with more than 29% of the company's capital, abertis and the Babcock & Brown Group (Australia), with a 10% shareholding.

As a global infrastructure operator, abertis feels free to continue its expansion, while complying with standards of ethical behaviour and transparency relative to the market and other industry operators.

As well as its indirect presence in the toll road sector through its shareholding in Brisa, abertis also operates car and logistics parks in Portugal. In car parks the company operates through Spel, a subsidiary of saba, which manages more than 16,000 parking places in six cities. In logistics parks, highlights include the project for a new platform that abertis logística will build in Vilafranca de Xira, 25 kilometres from Lisbon.

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