Autostrade: Atlantia ok to offer Cdp consortium for 88% of Aspi
After 22 years, three years after the collapse of Ponte Morandi, Autostrade per l'Italia is back in public hands
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12 June 2021 The Consortium made up of CDP Equity, Blackstone Infrastructure Partners and Macquarie Asset Management announced that it has reached an agreement with Atlantia for the acquisition of 88.06% of the share package of Autostrade per l'Italia Spa (Aspi). It can be read in a note from the Consortium. The acquisition - the note continues - will be made through Holding Reti Autostradali SpA (Hra), a new Italian company owned (directly or indirectly) by CDP Equity (51%), Blackstone Infrastructure Partners (24.5% ) and funds managed by Macquarie Asset Management (24.5%).
Hra and Atlantia have today signed, among other things, a sales contract for the acquisition of 88.06% of Aspi. The acquisition is expected to be completed in the coming months, after having satisfied the usual conditions for closing and having received the necessary clearances from the competent Authorities.
The acquisition is expected to be completed in the coming months, after having satisfied the usual conditions for closing and having received the necessary clearances from the competent Authorities.
The main investment objectives of the Consortium are: to contribute to the implementation of a vast investment plan throughout the Aspi motorway network, to promote the improvement of the network to facilitate digitization and innovation, to improve the efficiency of the maintenance programs of the infrastructure to ensure the highest levels of performance and safety for motorists, to offer long-term stability in the management of an Italian infrastructure essential for the community and the economy.
Aspi, the note continues, is one of the main motorway operators in Europe and manages over 3,000 km of motorways in Italy, with long-term concessions. ASPI and its subsidiaries are responsible for the development, maintenance and management of a motorway network that extends throughout the national territory and represents about half of the motorway system subject to tolls in Italy, with approximately 4 million customers a day.