Home » Toto in the field with Apollo for an offer on a controlling stake

Toto in the field with Apollo for an offer on a controlling stake

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The audience of suitors for the controlling stake in Autostrade is expanding. After the interest shown by the Spaniards of ACS, the latest press rumors see Toto Holding, a company of the builder Carlo Toto, back on the field, flanked by the American Apollo fund. Toto already manages the A24 and A25 motorways and would be ready to submit an offer for the entire stake of Aspi held by Atlantia; an alternative option would be to join the consortium with Cdp.

On Friday, the board of Atlantia decided that it will be the Atlantia shareholders’ meeting on May 28th to examine the binding offer for the purchase of the entire 88% stake held by Atlantia in Autostrade per l’Italia ( ASPI) presented by the consortium formed by CDP Equity, Blackstone Infrastructure Advisors and Macquarie Infrastructure and Real Assets (Europe). In the meantime, before 23 April, the Atlantia Board of Directors will meet to examine the contents of the offer in order to fully represent the reference context, the contents of the transaction, its own assessments on the adequacy of the offer and any alternative scenarios.

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