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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Atlantia SpA    ATL   IT0003506190

ATLANTIA SPA

(ATL)
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Atlantia Rejects Offer for Autostrade, Extends Deadline for New Offer

10/29/2020 | 03:49am EST

By Cecilia Butini

Atlantia SpA said late on Wednesday that it has rejected the latest offer by a group of investors to buy its 88% stake in motorway operator Autostrade per l'Italia SpA.

"Whilst appreciating a number of improvements in the new offer, Atlantia's Board of Directors believes that the terms and conditions of the offer do not adequately reflect the fair market value of the stake," Atlantia said.

The Italian infrastructure company gave a Nov. 30 deadline to the group of potential buyers, which includes Italian state lender Cassa Depositi e Prestiti's subsidiary CDP Equity SpA, Blackstone Group International Partners LLP and Macquarie Infrastructure and Real Assets Ltd. Atlantia said this would allow its shareholders to consider a potential new offer when they gather for an extraordinary general meeting, which will be held no later than Jan. 15.

Write to Cecilia Butini at cecilia.butini@wsj.com

(END) Dow Jones Newswires

10-29-20 0448ET

Stocks mentioned in the article
ChangeLast1st jan.
ATLANTIA SPA 0.74% 15.665 Delayed Quote.-25.42%
MACQUARIE INFRASTRUCTURE CORPORATION -0.12% 32.62 Delayed Quote.-23.86%
THE BLACKSTONE GROUP INC. -0.32% 61.4 Delayed Quote.9.76%
All news about ATLANTIA SPA
12/03ATLANTIA : ASPI | Investor Presentation
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12/01ATLANTIA : Acquisition of Elizabeth River Crossings in the USA
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12/01ATLANTIA : BOD responds to Genoa Court order by approving disciplinary measures ..
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12/01ATLANTIA : ADR | Green bond presentation
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12/01ATLANTIA : 9M2020 Results | Recent Developments
PU
11/30ATLANTIA : motorway unit picks outside firms for safety checks on network
RE
11/23ALLIANZ : New Autostrade motorway tariff proposal lifts Atlantia shares
RE
11/22Italy's Benettons name new holding company chairman in motorway tussle with g..
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11/21ALLIANZ : Benettons consider hiring professor to help with Atlantia dispute
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11/18ATLANTIA : Italy's Autostrade readies proposal to end toll rules stalemate - sou..
RE
More news
Financials
Sales 2020 8 407 M 10 218 M 10 218 M
Net income 2020 -366 M -445 M -445 M
Net Debt 2020 39 542 M 48 059 M 48 059 M
P/E ratio 2020 -34,8x
Yield 2020 0,23%
Capitalization 12 683 M 15 411 M 15 415 M
EV / Sales 2020 6,21x
EV / Sales 2021 4,67x
Nbr of Employees 28 955
Free-Float 55,7%
Chart ATLANTIA SPA
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Atlantia SpA Technical Analysis Chart | MarketScreener
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Technical analysis trends ATLANTIA SPA
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 16,95 €
Last Close Price 15,51 €
Spread / Highest target 48,3%
Spread / Average Target 9,31%
Spread / Lowest Target -56,9%
EPS Revisions
Managers
NameTitle
Carlo Bertazzo Chief Executive Officer & Executive Director
Fabio Cerchiai Chairman
Tiziano Ceccarani Chief Financial Officer
Valentina Martinelli Non-Executive Director
Giuseppe Guizzi Independent Director
Sector and Competitors