Abertis Takes Cellnex to the Stock Market
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link SEPTEMBER 2015 Nº12 - SECOND EDITION Abertis takes Cellnex to the stock market INTERVIEWS Josep Lluís Giménez Sevilla, managing director of Abertis Industrial Development P. 12 REPORT Abertis extends its toll road concessions in France P. 26 ABERTIS FOUNDATION Velázquez, cultural event of the year in France P. 52 Abertis is a leading International group in the management of toll roads. A global group present in 12 countries and with over 15,000 employees, aimed at the generation of value through investments in infrastructures which contribute to the economic and social development of the territories and countries in which it operates. abertis.com EDITORIAL Adaptation + anticipation = transformation Following Zygmunt Bauman, we can Telecom, now known as Cellnex Telecom, as a confi rm that, in the “liquid” global soci- listed company. ety in which we live, the ability to react when In the case of Cellnex, which we will also BUSINESSES WITH faced with events is clearly shown to be more present in the pages of this edition of Link, the A MEDIUM- OR important than planning itself. This is a refl ection agreement to acquire and manage more than that I usually share in reference to my business 7,000 sites for telecommunications in Italy and LONG-TERM experience, but I think that the events lived in the entrance to the stock market makes us real- PROJECT BECOME these last eight years, which have been marked ise that there is a transformation which con- USED TO BEING by a profound economic crisis and great geo- solidates the company as the number one INNOVATIVE political uncertainty, confi rm and expand this independent operator of infrastructures and thesis in the fi elds of politics and economy. telecommunication networks. The receptivity BECAUSE THEY Institutional Europe has reacted by putting on the behalf of the investors has been translated KNOW THAT into practice regulation mechanisms, supervision into a postive entrance to the stock market which THEY CAN’T WAIT and also recovery and stabilization that long anticipates the company’s future growth and FOR THE FUTURE term are supposed a new leap forward in terms its course in the long-term. of re-enforcing determined aspects of the Union. When at Abertis we presented ourselves TO ARRIVE; Different governments have adopted policies with the possibility of giving a new impulse to THEY MUST GO characterized by defi cit and debt control. The the terrestrial telecommunication infrastructure AND SEEK IT OUT. impact of the crisis on citizens is also leading to project we were convinced that it would be a a redefi nition of the political stage, more diverse classic example of a win-win situation. and more fragmented, and for this reason more On one hand, Abertis will be able to dedi- complex, which demands new responses. Com- cate its resources to fulfi l its commitments to panies have also reoriented their priorities in international growth and, on the other hand, terms of business and geography. Cellnex Telecom will obtain greater fi nancing It is not the fi rst occasion on which I have capabilities in a European telecommunications used our Group as an example of this capacity market in which the externalization of networks for adaptation, anticipation and, ultimately, and consolidation between the different actors transformation. A type of response which dem- are redefi ning the map of the sector. onstrates the proactivity in the design of our own The businesses with a medium- or long- future. In our case, the vector that has marked term project become used to being innovative this process of transformation has been indus- because they know that they can’t wait for the trial. On one hand, facilitating the different busi- future to arrive; they must go and seek it out. nesses that accompany our principal activity in They must create it. Now is Cellnex Telecom’s SALVADOR toll road management, the necessary mecha- moment and, from Abertis, we are proud to be ALEMANY nisms that assure its growth and competitiveness able to walk at it side as its primary shareholder. PRESIDENT OF ABERTIS in the medium- and long-term, based on its own These lines began by talking about the abil- abilities and a focused administration. ity to react when faced with turbulent situations On the other hand, this is something that and highlighted the strength of Abertis’ industrial has its concretion in the new General Manage- model. On the margin of fl uctuating swings, ment of Industrial Development which we derived from some moments of uncertainty present in these pages, to assure ourselves that about the maintenance of the euro and the we are developing and sharing a kind of know- future of the European Union as we know it, how that belongs to and is characteristic of us, Abertis continues to follow the path of recovery defi ning in some way a competitive and dif- in terms of fundamentals and traffi c evolution, ferential advantage that Abertis has in its method already in positive in our principal markets after of managing its roadway and transport infra- years of setbacks. This recovery will bring a new structures. We are seeing the results of this opportunity to focus the debate surrounding strategy in the dynamics of growth and expan- the management of our infrastructures and sion that, supported by these management mobility in Spain, in Europe and in the world. At capacities like independent companies, are Abertis, we will employ our know-how and experimenting with Saba’s projects or the new experience at the service of the Administrations phase that was initiated by the former Abertis in the search of solutions in this fi eld. Q SEPTEMBER 2015 Q LINK abertis Q 3 Nº12 SUMMARY 08 STOCK MARKET Cellnex enters the stock market 24 34 43 ANALYSIS NEW OFFICIES ENVIRONMENT link abertis Recovery 24 Abertis Climate change Toll toad traffi c in Spain starts The company opens Abertis in the COP21 to increase again its new corporate headquarters in Barcelona Agreement with the French government 26 44 06 LYON OPINION Abertis extends its 36 concessions in France SATELLITES Travel guide Eugenio Prieto A legend wrapped in silk Investment sustained Hispasat in infrastructures 28 New orbital position in Brazil TOLL ROADS 48 08 Arteris 38 TELE-TOLLS REFLECTION STOCK MARKET Works move at a good pace Chile Opportunity for growth Circle of Infrastructures The Andean country adopts TAG Debate surrounding Cellnex on the stock exchange 30 new recovery models TOLLS 49 12 New technology 30 PREVENTION INTERVIEW Contactless toll booths arrive 39 Road safety Josep Lluís Giménez Innovation 31 ANALYSIS Seminar for over-sixties “Client vision is key” Abertis allocated the Business Meeting XXVI fi rst pay-per-distance in in the Pyrenees the United States Economic optimism 50 18 ENVIRONMENT TEAM 40 Abertis Foundation Marketing and Commercial 32 Castellet opens UNESCO CORPORATE CULTURE Department at Abertis WORKS headquarters Autopistas Spain Autopista C-32 Good practice At the client’s service The new route will arrive in Abertis, the best Ethical Code Lloret de Mar in 2017 52 22 42 CULTURE INTERVIEW 33 OPINION Velázquez exhibition52 João Aguiar Machado IMPROVEMENTS Marta Casas Sponsorship of Abertis in France “Europe is the world’s leading Service areas Ethical compliance Miró Exhibition54 region in road safety” Renewed on the AP-7 and the AP-2 and transparency Arteris takes the exhibit to Brazil 4 Q LINK abertis Q SEPTEMBER 2015 12 50 18 66 34 link abertis is a publication of Abertis Infraestructuras, SA Av. del Parc Logístic, 12-20. Investor’s link 08040 Barcelona. Tel.: 93 230 50 00. Fax: 93 230 50 02. EDITED AND CREATED BY: Corporate Commu- nicationManagement of Abertis. EDITORIAL BOARD: Salvador Alemany, Francisco Reynés, José Aljaro, Josep Maria 66 Coronas, Toni Brunet, Juan María Hernández RESULTS Puértolas, Sergi Loughney and Joan Rafel. First quarter 2015 CORPORATE IMAGE AND PRODUCTION: Erik Ribé and Berta Riera. Historical benefits CONTENT CO-ORDINATION: Alícia Cobeña. 55 60 EDITORIAL: Alícia Cobeña, Gemma 70 Gazulla, Marc Gómez, Leticia Gonzálvez TALENT TECHNOLOGY SHARES and Marta Maxenchs. University-business Mobility for schoolchildren Abertis launches an OPA CONTRIBUTORS: Christine Allard, Sandra Vasconcelos, Sergio Castilla, IV International Prize for Abertis The KanGo! project is under way On 6.5% of its capital Jorge Chamizo, Muriel Lázaro, Anna-Sophie Leber, Enric Pérez, Mercedes Pérez-Cruz, Marc Ribó, Berta Riera, Andrea Yametti, 56 61 71 Abertis, Abertis Autopistas, Cellnex OPERATIONS Telecom and the Abertis Foundation. INTERVIEW COMMITMENT Simon Cohen Purchase of capital PRODUCTION: Accessibility 61 Ediciones Reunidas, SA (Zeta Group). Barcelona and Cadí Tunnels Revistas Corporativas Barcelona. “The Abertis Prize makes Agreement between Consell de Cent, 425. 08009 Barcelona. transport professionals the Abertis Foundation and Tel.: 93 265 53 53. Manager: Òscar Voltas. Editorial coordinator: more aware” the ONCE Foundation 72 Nuria González. Chief editor: Toni Sarrià. Recognition 61 GENERAL MEETING 2015 Drawn up by: Marta Carrera, Gemma Figueras, Balance and Paco Martínez and Toni Capilla. The Abertis Foundation Layout: Cristina Vilaplana, Xavier Julià and 58 future challenges Samuel Vergés. Collaborator: Cisco Figueroba. receives the Stela Prize 2015 Legal deposit: B-16432-2010. HEALTH ISSN: 2385-6262 Social commitment Abertis shareholder support line: 74 902 30 10 15. www.abertis.com The Abertis Foundation 62 INCREASE IN CAPITAL Abertis does not take responsibility with the Guttmann Institute IN BRIEF Rewards for for the opinions of its collaborators in the pieces published,nor does it th on its 50 anniversary Latest from Abertis shareholders necessarily identify with their opinion. SEPTEMBER 2015 Q LINK abertis Q 5 OPINION Author profi le Sustained President of AT Kearney in Spain and Portugal since January 2010, he graduated as an investment in engineer of Roads, Canals and Ports from the Polytechnic University of Madrid, infrastructures and has an MBA from the Business Institute.