By John Smith • 24 January 2020 • 11:15
THE Spanish toll-road operator Abertis has to raise more funds by way of bank loans and increased bond issues as it struggles to reduce its operating costs.
Much was made of the takeover by Italian company Atlantia which is itself facing financial problems with the threat of the loss of a number of its Italian toll-roads.
Abertis is taking action to ensure that the Italian parent doesn’t call on it for additional funding and has also purchased a company in Mexico which it hopes will help cash flow.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.
Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.
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