( AFP / GAIZKA IROZ )
Investment firm Mundys announced Wednesday that its Italian-Spanish subsidiary, Abertis, has acquired the remaining 49% stake in the A63 motorway in France, connecting Bordeaux to the Basque region, bringing its total ownership to 100%.
The approximately 105-kilometer toll road’s concession is set to expire in 2051, and generated revenues of €179 million in 2025, according to a statement from Mundys, which previously acquired a 51% stake last year from Axa.
The remaining 49% was purchased from minority shareholders – HICL Infrastructure, CVC DIF, and NGE Autoroutes – for an undisclosed amount.
Mundys views the A63 motorway as a key transport corridor between France and Spain, linking Salles (Gironde) to Saint-Geours de Maremne (Landes). This full ownership strengthens Abertis’ position in a strategically important European infrastructure asset.
The transaction highlights Mundys’ increasing investment in France, where its holdings now approach €11 billion.
The Italian investor is the majority shareholder of the Italian-Spanish infrastructure group Abertis (linked to Spanish firm ACS), which itself holds 100% of Sanef, the historical operator of toll roads in northern and eastern France, as well as those in Normandy through its subsidiary SAPN.
In France, Mundys is as well the primary shareholder of the Nice and Cannes airports, and the second largest shareholder of Getlink (Eurotunnel), holding a 15% stake.
Mundys rebranded in March 2023 following the delisting of Atlantia from the Milan Stock Exchange and a public takeover bid launched by the Benetton family – whose stake has risen to 57.8% – and the American investment fund Blackstone.
Atlantia divested its Italian Autostrade per l’Italia motorway network in May 2022 to a consortium led by the Italian Deposit and Loan Fund (CDP) for €8.19 billion.
Following the collapse of the Genoa viaduct in August 2018, for which Autostrade was the manager, the Benetton family faced significant pressure to sell its stake to the Italian state.
The family’s reputation was damaged after the bridge collapse, which resulted in 43 fatalities and brought scrutiny to the condition of Italy’s transport infrastructure.
