Friday, April 25th, 2014
On 2 June 2003, shares in Abertis Infraestructuras, S.A. –abertis– were admitted for listing. abertis is the company resulting from the merger of Acesa Infraestructuras, S.A. (ACESA) and Aurea Concesiones de Infraestructuras, S.A. (AUREA).
abertis forms part of the Ibex 35 and, following the merger operation, has increased its weight in the index.
At the close of the 05/30/03, last trading session in share under the name ACESA, the company's capitalisation on the index stood at 3,827 million euros (total capitalisation, Class A and Class B shares: 4,293 million euros). After the merger, this figure stood at 5,743 million euros (total capitalisation, Class A and Class B shares: 6,210 million). As a result, its weighting in the Ibex 35 increased from 1.63% to 242%, moving up from twelfth to eleventh position of the 35 shares in the index.
In their first trading session, abertis' shares closed at 12.48 euros, a rise of 0.65%. Ever since ACESA and AUREA's two main shareholders, “la Caixa” and Dragados, announced their support for the merger of the two companies until the close of trading on 25 July 2003, the share price increased by 19%, adjusted for increases in capital, and by 8% since the merger plan was approved by both companies' Boards, as can be seen in the graph below.
Set out below is a graph of the ACESA, AUREA and IBERPISTAS share prices, together with the IBEX, from the beginning of 2002 to 31 December 2004: