Radar > 237938

Áreas has EUR 500m for investments and acquisitions

Áreas destinará EUR 500m a compras e inversiones

Intel ID : 237938
Synopsis

Spain-based Áreas has a EUR 500m budget to support its growth plans for the next four years, as published by newspaper Expansión on 22 June 2016, citing its CEO, Pedro Fontana.

Specifically, EUR 100m will be used to acquire concessions and restaurant spaces, located in highways and airports in Europe, America and Asia. Furthermore, the company created a EUR 100m annual budget for auctions and new contracts, as well as for new acquisitions.

On the other hand, Pedro Fontana said Áreas plans to enter the Asian market.
(content in spanish)

La compañía española Áreas tiene previsto invertir EUR 500m en apoyar su plan de crecimiento durante los próximos cuatro años, según ha informado el diario Expansión el 22 de junio de 2016, basándose en declaraciones de Pedro Fontana, consejero delegado de la compañía.

En concreto, EUR 100m se destinarán a la adquisición de concesiones de espacios de restauración, que estén situados en autopistas y aeropuertos de Europa, América y Asia. Asimismo, se han presupuestado unos EUR 100m anuales para acudir a concursos de nuevos contratos y para sumar nuevas adjudicaciones.

Por su parte, Pedro Fontana ha indicado que Áreas tiene la intención de desembarcar en el mercado asiático.

Bidder


Intel ID 237938
Value EUR 500,00m
Native Currency Euro (EUR)
Financial Data - Áreas
(31 Dec 2015)
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Region
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Subsector (Old TTR Sectors)
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Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Tourism, Hotels and Restaurants (Primary)
Primary Sector (TTRSC)
15.10.07 Restaurants, Bars & Nightlife
15 Consumer Products & Services / 15.10 Travel, Hospitality & Leisure

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