March 14, 2018 / 1:37 PM / 2 years ago

Spanish regulator asks those involved in Abertis deal to stop leaks

MADRID (Reuters) - Spain’s stock market regulator said on Wednesday it had asked interested parties involved in the taking over of Abertis ABE.MC to not reveal private information about the 18-billion-euro deal.

“We are closely following all the information and leaks about the takeovers and we have acted this morning to suspend trading until there is sufficient public information,” a spokesman for the CNMV regulator said.

Spain’s ACS (ACS.MC) and Italy’s Atlantia (ATL.MI) agreed terms on Wednesday to jointly take over Abertis, ending a potential bidding war for the Spanish highway concessions group.

The CNMV suspended trading in Abertis and ACS before the market opened on Wednesday.

Reporting by Andres Gonzalez; Writing by Angus Berwick; Editing by Paul Day; Editing by Paul Day

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