February 12, 2019 / 7:14 PM / 4 days ago

Abertis agrees to sell Hispasat stake to Red Electrica for 949 million euros

FILE PHOTO: Toll road operator Abertis´headquarters is seen in Barcelona, Spain, October 9, 2017. REUTERS/Eric Gaillard

MILAN (Reuters) - Italian infrastructure group Atlantia said on Tuesday Spanish toll road operator Abertis had agreed to sell its 89.7 percent stake in Hispasat to Red Electrica for 949 million euros (833 million pounds).

In October, Atlantia and Spain’s ACS completed a 16.5 billion-euro acquisition of Abertis.

Reporting by Stephen Jewkes, editing by Steve Scherer

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