The company Shareholders’ Meeting and the new Board of Directors approved the changes today

• Abertis’ Shareholders' Meeting approves the appointment of José Aljaro, Carlo Bertazzo, Giovanni Castellucci, Marcelino Fernández Verdes and Pedro López Jiménez as directors.
• The Board of Directors approves the appointment of Marcelino Fernández Verdes as Chairman of Abertis and José Aljaro as new CEO.
• The company starts a new stage in its history with the impulse of its three shareholders (Atlantia, ACS and Hochtief) to continue growing and creating value. 

Abertis started today a new stage in its history, after completing the process of transforming its shareholding structure derived from the takeover bid process that began in the first half of 2017.

The General Shareholders' Meeting approved today the appointment of the five new directors of the company’s Board: José Aljaro, Carlo Bertazzo, Giovanni Castellucci, Marcelino Fernández Verdes and Pedro López Jiménez. The Shareholders’ Meeting also approved the modification and redrafting of different articles of the Company By-laws, as well as the withdraw of the Regulations for the General Shareholders’ Meeting, as a result of the exclusion of stock trading of the company's shares.

Subsequently, the Board of Directors approved the appointment of Marcelino Fernández Verdes as Chairman of Abertis, as well as José Aljaro as CEO and Miquel Roca Junyent as non-board member Secretary.

The Board has given green light to the merger by absorption project of Abertis Participaciones S.A. by Abertis Infraestructuras S.A., which is expected to be closed in the first quarter of 2019.

New stage in Abertis’ history

Following the changes approved today by both the Shareholders' General Meeting and the new Board of Directors, the company starts a new stage with the impulse of its three new shareholders (Atlantia, ACS and Hochtief) to continue growing and developing a global leadership project in the infrastructure field.

Abertis’ Chairman, Marcelino Fernández Verdes, expressed his satisfaction for the beginning of this new stage: “This is an exciting project of future that is based on solid foundations and will generate value for all stakeholders". Marcelino Fernández also said: "Abertis will continue to strengthen the search for collaboration agreements with Governments, and will remain aware to new bids and potential acquisitions in target markets”.

Atlantia’s CEO, and new Director of Abertis since today, Giovanni Castellucci, said: “We are excited by the opportunity to work with ACS in Abertis to support management in creating a global platform, entering into countries where Atlantia is not yet present, which will strengthen all of us in the role of global leaders in the development of transport infrastructures”.

Abertis’ new CEO, José Aljaro, said: "This is a very exciting moment for the team. A new stage opens up in Abertis, with a consolidated shareholding structure and a new Board of Directors. From now on, the management team will work together with our shareholders to define a new strategic plan to continue creating value, taking advantage of the international presence and market knowledge that both Atlantia and the ACS Group offer us to grow”.

José Aljaro also pointed out some of the pillars that will shape this new stage of the company, "oriented to growth, but without missing the commitment to financial discipline that is characteristic of the Group”. “The company will reinforce its growth strategy in countries with a steady concessional framework and a clear willingness to develop on public-private partnership in the toll road sector", he said.

PHOTO: From left to right: Pedro López Jiménez (Director), Carlo Bertazzo (Director), Marcelino Fernández Verdes (Chairman), José Aljaro (CEO), Giovanni Castellucci (Director), Miquel Roca Junyent (non-board member Secretary).

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