19 de junio de 2017 / 7:08 / en 6 meses

BRIEF-Abertis starts formal process to extend concession contract in Argentina

June 19 (Reuters) - ABERTIS INFRAESTRUCTURAS SA:

* SAYS ITS UNIT GRUPO CONCESIONARIO DEL OESTE SA (GCO) AND NATIONAL ROAD AGENCY, UNDER THE TRANSPORTATION MINISTRY OF ARGENTINA, HAVE SIGNED A MEMORANDUM THAT FORMALLY INITIATES THE PROCESS TO EXTEND ITS CONCESSION CONTRACT UNTIL THE END OF 2030‍​

* EXTENSION INVOLVES RECOGNITION OF PENDING REBALANCING AND $250 MILLION INVESTMENT PLAN TO IMPROVE CURRENT ROAD NETWORK

* THE CLOSING OF RENEGOTIATION WILL SETTLE PREVIOUS COMPENSATION CLAIMS BETWEEN THE CONCESSIONAIRE, ITS SHAREHOLDERS AND THE GRANTING AUTHORITY Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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