The Supreme Court ruling that refuses to compensate Abertis with 4,000 million euros for the AP-7 agreement will have an impact of 29 million on its accounts, as explained this Tuesday. ACS, its owner along with its subsidiary Hochtief and the Italian Mundys, will endure a hit of 14.5 million. Abertis is studying "ways to challenge" the ruling, he has detailed.
The origin of the dispute comes from a modification of the AP-7 contract in 2006. Acesa, a subsidiary of Abertis, invested to expand from two to three lanes on the Catalan section, because until then the level of traffic generated congestion problems. , with the plan to launch a closed toll system in certain sections (Martorell and Vilaseca/Salou). The idea was that the expansion would generate more traffic, with the consequent increase in income via tolls. But the arrival of the crisis sank travel and disrupted the concessionaire's income. For this reason, he demanded compensation of 4,000 million from the State for the drop in traffic. In 2022, 1,069.9 million had already been paid for the investment in the works.
Abertis, as reported this Tuesday, suffers with the rejection a net accounting loss of provisions of about 250 million euros, but at the same time has a net cash income of 65 million "as the Supreme Court recognizes the Company's right to be compensated by certain complementary investments". With other reversals of provisions and extraordinary income, the final impact is "only" the 29 million cited.
The company has reported that "it is studying, in defense of its legitimate interests, the possible means of challenge." "The Supreme Court does not consider Abertis' main claim based on its right to be compensated for the differential margin between actual and expected traffic," he recalls.
"The company remains focused on the execution of its global growth strategy, with the support of its shareholders ACS and Mundys," he closes his message. This Tuesday the agency S
For its part, ACS estimates its impact at 14.5 million: "The impact is immaterial and will not affect the results," it explains in a brief note to the National Securities Market Commission (CNMV). In the stock market, ACS shares advanced nearly 1% this Tuesday over the mid-session, after falling 10% yesterday with the publication of the ruling.
