Abertis eyes spain airports over greece

Abertis -- Europe's largest infrastructure operator by market capitalization -- operates tollways as well as airport and telecommunication assets and is seeking fresh investments to ensure growth in the face of a maturing asset portfolio.

"Our priority now is focused on Spanish airports... I know Greece more as a tourist than a businessman," Francisco Reynes said at the Reuters Global Real Estate and Infrastructure Summit.

Spain wants to partially privatize its airport authority AENA and assets such as its Madrid's Barajas airport and Barcelona's El Prat this year to cut national debt, steps that will also soon be taken by its Mediterranean neighbors.

But as Greece struggles to convince markets it is serious about cutting debt, Reynes said there was a plethora of foreign funds willing to join an industrial partner like Abertis for Spanish infrastructure investments, albeit at a price.

Source: Reuters.com