MADRID Oct 10 Spain's Abertis said on
Monday it had agreed to sell a 20 percent minority stake in its
Chilean unit to the Abu Dhabi Investment Authority (ADIA) for
495 million euros ($554 million).
The sale values the unit, which runs 771 kilometers of
highways through six concessions in the country, at a total of
3.7 billion euros including debt, Abertis said in a statement.
The Spanish company will continue to run the company and
will hold the remaining 80 percent stake.
The deal is subject to regulatory approval, the Spanish
($1 = 0.8928 euros)
(Reporting by Andres Gonzalez; Writing by Paul Day)