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Abertis looks at Brazil to expand in Latin America, ponders telecoms entry in Chile (Chile)
2010-11-29
Spanish infrastructure group Abertis, which has a number of highway concessions and logistics projects in Chile, is looking for opportunities to grow in Brazil as part of its expansion plan for Latin America, chairman Salvador Alemany told BNamericas.

 

"It's the projects that are interesting, although we also prioritize countries. We are very satisfied with our presence in Chile and we are looking at opportunities in Brazil," he said at the sidelines of Chilean business congress Enade.

 

"It is difficult to program projects," he added, "as resources are allocated to projects once they arise and have an adequate profitability."

 

In Chile, Abertis controls Rutas del Pacifico, which operates the central Ruta 68 highway, and Sociedad Concesionaria del Elqui, which runs region IV's Los Vilos-La Serena highway. The firm also owns a 50% stake in urban tollroad Autopista Central and 15% of Aeropuerto de Santiago.

 

Abertis is also looking to enter the business of supplying infrastructure for audio, video and mobile telephony transmissions in Chile, Alemany said.

 

"[In Chile] we are active in four of the five sectors we operate in. We believe we can keep growing in those four and we plan to enter the fifth, telecoms, as soon as the opportunity opens," he said, adding the investment needed to enter this sector would be in the hundreds of millions of dollars.


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