Aabar Continues Infrastructure Trend

The trend in infrastructure, and specifically toll road, M&A continues early on in 2009 with the announcement that Abu Dhabi-listed Aabar Investment has acquired a stake of approximately 3.3% of Italian toll-road firm Atlantia. Aabar Investment's Sopela Beteiligungsverwaltungs unit bought the stake from Corporate Partecipazioni - a subsidiary of UniCredit Corporate Banking - for EUR250mn (US$354.6mn). As CFW has previously highlighted, capital and credit market conditions have produced delays and cancellations in projects resulting in divestments, privatisations and distressed sales.

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