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Abertis will lose 418 million net after losing the concession for its largest highway in the US

Summary by 20minutos
Abertis expressed regret at the decision of the Texas Department of Transportation (TxDOT) to buy back the SH-288 highway, currently in the hands of the company and the ACS Group. The company has warned that the completion of this concession will result in a net accounting loss of approximately 418 million euros in 2024. In a statement sent to the National Securities Market Commission (CNMV), it has stated that it has taken note of TxDOT's decis…

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Abertis expressed regret at the decision of the Texas Department of Transportation (TxDOT) to buy back the SH-288 highway, currently in the hands of the company and the ACS Group. The company has warned that the completion of this concession will result in a net accounting loss of approximately 418 million euros in 2024. In a statement sent to the National Securities Market Commission (CNMV), it has stated that it has taken note of TxDOT's decis…

·Madrid, Spain
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20minutos broke the news in Madrid, Spain on Sunday, August 25, 2024.
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