MILANO – With a popular plebiscite, the shareholders of Atlantia, gathered in the meeting, voted in favor of the sale of 88% of Autostrade per l’Italia to the consortium led by Cdp (51%) and by the Blackstone (24.5%) and Macquarie ( 24.5%).
The meeting recorded a turnout of 70.39% of the capital, confirming itself not only as the most awaited ever, but also one of those that attracted the participation of over 1,200 investors of various types.
86.86% of those present (and over 64% of the share capital), or more than 1,100 shareholders among those who participated, voted in favor of the offer which values 100% of Aspi 9.3 billion, without considering any refreshments. The assembly was ordinary, but even if it had been extraordinary, and therefore had required the presence of an increased quorum equal to two thirds of those present, the outcome would have been the same.
Autostrade, almost three years after the tragedy of the Morandi bridge, control returns to the state. And the Benetton family goes to 2.4 billion
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In addition to the Holding Edition of the Benettons (30.2%) and the Crt (5.5%), the majority of institutional investors also agreed to the sale of the Italian motorways. The TCI hedge fund, which had often criticized the management, would also be among those who voted in favor. Only 12.75% of those present (and 8.9% of the capital) would instead have voted against the CDP’s offer.
Atlantia starts without Autostrade with a dowry of 7.2 billion
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The final decision will in any case be taken by the board of directors on 10 June and the agreement with CDP should be signed by the end of June. The closing should instead arrive by the end of the year and in any case no later than March 31, 2022. According to Equita analysts, a positive reaction from the share is expected in the event of acceptance of the offer from the Cdp consortium. The share on the stock market since the first trades has flown upwards waiting to turn pages after the long process and the uncertainties, which have been going on for 34 months, or since the Morandi Bridge collapsed on 14 August 2018.
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