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Atlantia soars 16% on agreement for Italy to take control of Autostrade

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Atlantia has shot up this Wednesday more than 16% in the Milanese market before the possibility of a imminent agreement with the Italian Government that would lead to state control of Autostrade per l'Italia, the toll road concessionaire subsidiary.

The company controlled by the Benetton family (and partner of the construction company ACS in the capital of Abertis) It takes months of negotiations with the State to see not only how the capital is left, but also the renewal of concessions of its investee.

As of today, the latest information published by the Italian press indicates that the State would acquire a controlling stake through the Deposit and Loan Fund (CDP).

NEW COMPANY

Atlantia currently controls 88% of Autostrade. The agreement contemplates a transfer of 70% of the capital and the creation of a new company, which would be listed on the stock market. This would be the one to carry out, if the agreement is under the terms being considered, a capital increase of 6,000 million euros and, with it, the landing in the shareholding of CDP and other investors, whose identity has not yet been revealed .

. (tagsToTranslate) Atlantia (t) shoots (t) before (t) agreement (t) for (t) Italy (t) take (t) control (t) Autostrade (t) Category: All (t) Category: Company News (t) Category: Pulses



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