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Monday, May 19, 2008
Abertis's $12.8B bid takes PA Turnpike auction
  Spain's Abertis Infraestructuras SA, which runs airports, toll roads and parking garages in Europe, joins financial partners Citigroup and Criteria CaixaCorp in the winning $12.8 billion bid for the Pennsylvania Turnpike. The bids came in on the low side of what Gov. Rendell hoped to attract. The consortium still has to help Rendell sell the hostile state Senate on the idea. Abertis release here. Inquirer story here.

 
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About Joseph N. DiStefano
Your source for M&A, commercial real estate and private equity news in Philadelphia and nearby. By Inquirer business reporter Joseph N. DiStefano. Joe has worked for the Inquirer, mostly, since 1988. Last year he covered Citigroup for Bloomberg News. He's the author of Comcasted, a book about Philadelphia’s most-valuable company. He holds a degree in economics from Penn.