Italian construction company Atlantia S.p.A. has consolidated its position as the largest motorway operator in Chile, after the National Economic Prosecutor (FNE) approved the former’s merger with its Spanish counterpart, Abertis Infraestructuras S.A.
The resolution ensures that, due to current regulations, the transfer of shares will not substantially reduce competition in the market. In order to ensure the quality of customer service, both companies agreed to keep intact the number of offices available so that customers can access electronic toll collection (TAG) equipment, or pay fines. In addition, since the two companies currently charge the maximum value allowed by their contracts, it was not considered that an increase rates for drivers would be likely.
With the purchase of shares, Atlantia consolidates its position as the largest player in the local market, going from controlling 50.1% of the roads in the capital to now holding 78% of the country’s urban roadways. The company, which operates the Nororiente, Vespucio Sur and Costanera Norte motorways, as well as the access to Santiago airport and the central coastal road, will take over full control of all Abertis’ operations.
Full Content: Economia y Negocios
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI