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Atlantia CEO Says $23 Billion Abertis Deal Will Speed Growth

  • Castellucci: no break-up plan for Spanish toll-road operator
  • Atlantia to have 25% of Hochtief, get seats on the board
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Giovanni Castellucci, the chief executive officer of the Benetton family’s toll-road company Atlantia SpA, waged an eight-month battle to get control of Spanish rival Abertis Infraestructuras SA.

The truce he reached this week to share the 18.2 billion-euro ($22.5 billion) acquisition was worth the struggle, he says, because Atlantia is also gaining more financial firepower to expand further.