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    ATL   IT0003506190

ATLANTIA SPA

(ATL)
  Report
Delayed Borsa Italiana  -  11:35 2022-12-02 am EST
22.94 EUR    0.00%
12/02Italian family holding De Agostini moves to take DeA Capital private
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12/02Fitch Maintains Atlantia's Rating After Financial Performance Exceeds Expectations
MT
12/02Atlantia SpA(BIT:ATL) dropped from S&P EUROPE 350 - Transportation (Industry Group)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Atlantia $12.5 Billion Buy-Out Bid Launched After Getting Final Green Light

10/04/2022 | 01:56am EST

By Joshua Kirby


U.S. fund Blackstone Inc. and Italy's Benetton family have officially launched their takeover offer for Atlantia SpA after receiving the go-ahead from the Italian market watchdog, they said late Monday.

The offer for the operator of toll roads and airports is for a maximum 552.4 million shares, or 66.9% of the company's share capital, at 23 euros a share, according to Schema SpA, Blackstone and the Benettons' investment vehicle. This implies a maximum offer value of up to around EUR12.7 billion ($12.5 billion) giving Atlantia an equity value of around EUR19 billion.

The offer period will begin next Monday, Oct. 10, and run through Nov. 11, Schema said, after Italian regulator Consob approved the bid. In recent weeks, Schema received approvals from the central banks of Italy and Spain, necessary because of Atlantia's stakes in regulated toll-payment companies in the two countries.

The remaining 33.1% stake in Atlantia is already held by the Benettons, via their investment company Sintonia SpA. The bidders plan to take the company private after the buy-out.


Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby


(END) Dow Jones Newswires

10-04-22 0155ET

Stocks mentioned in the article
ChangeLast1st jan.
ATLANTIA SPA 0.00% 22.94 Delayed Quote.31.42%
BLACKSTONE INC. 0.14% 85.16 Delayed Quote.-34.18%
All news about ATLANTIA SPA
12/02Italian family holding De Agostini moves to take DeA Capital private
RE
12/02Fitch Maintains Atlantia's Rating After Financial Performance Exceeds Expectations
MT
12/02Atlantia SpA(BIT:ATL) dropped from S&P EUROPE 350 - Transportation (Ind..
CI
12/02Atlantia SpA(BIT:ATL) dropped from S&P EUROPE 350 - Industrials
CI
12/02Atlantia SpA(BIT:ATL) dropped from S&P EUROPE 350
CI
12/02Atlantia SpA(BIT:ATL) dropped from S&P International 700
CI
12/02Atlantia SpA(BIT:ATL) dropped from S&P Global 1200
CI
12/02Atlantia SpA(BIT:ATL) dropped from S&P Global BMI Index
CI
11/29Atlantia SpA(BIT:ATL) dropped from FTSE All-World Index
CI
11/25Benettons, Blackstone reach more than 95% of Atlantia after bid - Reuters calculations
RE
More news
Analyst Recommendations on ATLANTIA SPA
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Financials
Sales 2022 6 641 M 6 963 M 6 963 M
Net income 2022 786 M 824 M 824 M
Net Debt 2022 18 995 M 19 917 M 19 917 M
P/E ratio 2022 40,0x
Yield 2022 3,57%
Capitalization 18 784 M 19 696 M 19 696 M
EV / Sales 2022 5,69x
EV / Sales 2023 5,51x
Nbr of Employees 19 289
Free-Float 11,7%
Chart ATLANTIA SPA
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Technical analysis trends ATLANTIA SPA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Last Close Price 22,94 €
Average target price 23,46 €
Spread / Average Target 2,27%
EPS Revisions
Managers and Directors
Carlo Bertazzo Chief Executive Officer, Executive Director & GM
Tiziano Ceccarani Chief Financial Officer
Giampiero Massolo Chairman
Guglielmo Bove Executive VP, Head-Group Compliance & Security
Nicola Bruno Head-International Administration
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