ACS and Atlantia place four new most trusted directors in Abertis

The Spanish firm to its executive secretary and the Italian to its president

MADRID, 28 Jun. (EUROPA PRESS) -

ACS and its Italian partner Atlantia have appointed four new members to the board of directors of Abertis, all of them of the highest renown in the two companies, a few months after the Spanish company tested with various international funds the takeover of the concessionaire firm of freeways.

At the extraordinary shareholders' meeting held this Tuesday, ACS has proposed the appointment of José Luis del Valle, executive secretary of the ACS board since 1997 and director of several of its subsidiaries, such as Hochtief, Dragados or Cimic.

Del Valle was a deputy in Congress from 1979 to 1982, coinciding with the stage in which Florentino Pérez held various political positions in the Public Administration. He has a law degree from the Complutense University and a State attorney belonging to the class of December 1974.

Secondly, ACS has also proposed engineer Ángel García Altozano, a senior position at the construction company since 1997, when he joined as general manager, as a director of Abertis. He has directed the National Institute of Industry (INI) and was president of Bankers Trust for Spain and Portugal.

On the other hand, Atlantia has also turned to highly trusted managers to strengthen its power in Abertis, such as the president of the Italian company, Giampiero Massolo, who was appointed to this position last April.

Massolo came to appear on the list of candidates for Prime Minister of Italy when in 2018 the 5 Star Movement (M5S) negotiated an independent figure for his new Government with La Liga de Matteo Salvini. He is a diplomat who rose to political advisor during the first government of Silvio Berlusconi.

Finally, the Italian company has also proposed Enrico Laghi, current CEO of Edizione, as the new director, which is the investment arm of the Benetton family and owner of 33% of Atlantia, although it has already launched a takeover bid together with Blackstone to take over the rest of the capital.

All the appointments have been accepted at the meeting, so they will share a board table with Marcelino Fernández Verdes (Chairman), Francisco José Aljaro (CEO), Claudio Boada, Carlo Bertazzo and Pedro José López.