MADRID (Reuters) - An accord between ACS (MC:ACS) and Italy's Atlantia (MI:ATL) to make a joint 18-billion-euro ($22.2 billion) bid for Abertis (MC:ABE) does not include plans to break up the Spanish highway concessions company's assets, the ACS chairman said on Thursday.
The chairman of the resulting company will be appointed by ACS and its German affiliate Hochtief (DE:HOTG), while Atlantia will name its CEO, ACS's Florentino Perez said during a conference in Madrid.
Perez said the new company, in which Atlantia will own 50 percent plus one share as well as an additional, indirect stake in Hochtief, will be Spanish.
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