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Chris Hughes and Chris Bryant

A Bump in the Toll Road

A Spanish-led counterbid for Abertis may struggle.
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Photographer: Pau Barrena

Investors had been guessing whether a Spanish buyer might try to thwart an attempt by Italy's Benetton family to buy Iberian toll-road operator Abertis Infraestructuras SA.

Construction group ACS Actividades de Construccion y Servicios SA has now stepped forward. It will need some friends to have a fighting chance to sending the Benettons packing.