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Freshfields Bruckhaus Deringer has been drafted in by German construction company Hochtief to advise on its €18.6bn (£16.8bn) counterbid for Spanish toll operator Abertis.

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Alex Berry

Alex joined Legal Week in July 2016. Before joining, Alex completed a MA in magazine journalism at City university and wrote freelance articles for a range of property titles. He reports on the in-house legal market

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Law Firms Mentioned

<a href="http://www.almcms.com/contrib

  • DLA Piper
  • Freshfields Bruckhaus Deringer

/uploads/sites/378/2017/10/Toll_booths_in_the_UK-Article-201710191004.jpg"><img class="alignnone size-full wp-image-68710" src="http://www.almcms.com/contrib

  • DLA Piper
  • Freshfields Bruckhaus Deringer

/uploads/sites/378/2017/10/Toll_booths_in_the_UK-Article-201710191004.jpg" alt="" width="620" height="372" /></a> Freshfields Bruckhaus Deringer has been drafted in by German construction company Hochtief to advise on its ���18.6bn (��16.8bn) counterbid for Spanish toll operator Abertis. Freshfields��is fielding a team led by Munich corporate and M&amp;A partner Kai Hasselbach, Frankfurt finance partner Christoph Gleske and Madrid M&amp;A partner Armando Albarran. The��bid is a challenge to��Italian toll operator Atlantia���s ���16.3bn (��13.8bn) offer <a href="http://www.legalweek.com/sites/legalweek/2017/05/15/dla-piper-gets-in-lane-for-e16-3bn-european-motorway-operator-bid/">made in May</a>. DLA Piper is acting for Atlantia alongside Italian law firm Gianni Origoni Grippo Cappelli &amp; Partners. Abertis, which runs more than 8,000km of motorways in Europe and America, has retained Spanish law firm Uria Menendez��as its adviser for both bids, <em>Legal Week</em> understands. Hochtief is one of Germany���s largest construction companies but is 72% owned by Spanish construction group ACS. ACS��chief executive Florentino Perez is also the president of Real Madrid football club. Atlantia is expected to make another bid for Abertis. Atlantia is a holding company that owns Autostrade per l���Italia, which operates more than 5,000km of toll roads around the world. The bid from Hochtief will now need to win Spanish and international regulatory approval before both bids are formally put to Abertis. Earlier this month, the board of Abertis discussed moving its head office out of Catalonia as the region���s parliament continues to push for independence from Spain, according to <em>Reuters</em>. However,��in a statement this��morning (19 October), the Spanish government said the Catalan president had once again not confirmed whether independence had been declared. Previously, 19 October was the deadline set by Madrid for the region to abandon its independence plans. <

  • DLA Piper
  • Freshfields Bruckhaus Deringer

>
 

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