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.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
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. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.