A PYMNTS Company

Chile: Government to monitor Atlantia’s takeover of Abertis

By  |  June 5, 2017

The proposed merger between Atlantia of Spain and Abertis of France has come up to an unexpected hurdle, generated in part by the eventual merger of its businesses in Latin America – particularly in Chile and Brazil.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Although the merger has not generated competitive problems in Europe, where the companies only coincide in a few smaller markets, the situation in Chile is very different, since local branches of the groups control 78% of the highways in that country.

    This position of power has led the government of Michelle Bachelet to closely monitor the operation. Atlantia will have to negotiate with the Chilean competition authorities, who have already stated that they are monitoring the merger. If they believe that the market is too concentrated, they could veto the IPO in the country or force the resulting company to shed part of its highly-valuable assets, thus diminishing the overall value of the merger.

    Full Content: Economia Digital

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.