MILANO – Green light from Atlantia’s board of directors to sell its 88% of Autostrade per l’Italia to the consortium led by Cassa Depositi e Prestiti, in partnership with the Blackstone and Macquarie funds.
From Autostrade to Alitalia, twenty years later the revolution of Italian-style privatizations fades
by Sergio Rizzo
After the approval of the project by the shareholders’ meeting of the holding that refers to the Benetton family, it was an expected step but it effectively marks the end of the over twenty-year privatization of the motorways, the exit of the Venetian entrepreneurs and the return of the state to check. For the whole operation to be concluded, however, we will have to wait until the first months of 2022.
From Autostrade to Alitalia, twenty years later the revolution of Italian-style privatizations fades
by Sergio Rizzo
A note from Atlantia explains that the Board of Directors, which met today under the chairmanship of Fabio Cerchiai, also taking into account the favorable opinion expressed by 86.86% of the share capital represented at the Shareholders’ Meeting of 31 May 2021 on the proposal made the Board of Sale of the entire stake held in Autostrade per l’Italia in favor of the consortium consisting of CDP Equity, The Blackstone Group International Partners and Macquarie European Infrastructure Fund 6, approved the Consortium’s binding offer.
The Benetton era on the motorways ends: a deal worth 5 billion, as many in cash at Atlantia for the future
The board of directors then mandated the chairman and the managing director to finalize and sign the agreement for the sale of the Aspi share (88.06%) to the consortium of Cdp “in compliance with the deadline of 11 June”, tomorrow. The sale agreement – however, the note specifies – provides that the closing cannot in any case take place, even if the conditions are met, before 30 November 2021.
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