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Abertis, Brookfield to launch bid for Brazil’s Arteris: Reuters

Spain’s Abertis (ABE.MC) said on Monday that, together with a unit of Canada’s Brookfield Asset Management (BAMa.TO), it will launch a bid for the shares of Brazil’s Arteris it doesn’t already own for 10.15 reais (US$2.87) per share.

The Spanish motorway operator and Brookfield Brazil Motorways Holding currently own 69.26 percent of Arteris through Participes, in which they hold 51 percent and 49 percent, respectively.

The offer, to be finalized May 17 and aimed at de-listing

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