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    ATL   IT0003506190

ATLANTIA SPA

(ATL)
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Delayed Borsa Italiana  -  11:35 2022-06-29 am EDT
22.40 EUR   -0.36%
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Atlantia picks advisers for bid after confirming 2022 guideline

05/12/2022 | 01:45pm EDT
FILE PHOTO: FILE PHOTO: FILE PHOTO: An Atlantia sign outside the Italian infrastructure group's Rome headquarters

MILAN (Reuters) - Italy's Atlantia said on Thursday it picked BNP Paribas and Morgan Stanley to advise it on a 58 billion euro ($60 billion) takeover approach from the Benetton family and Blackstone to be launched later this year.

The infrastructure group also confirmed its previous expectations for full-year revenue and core profits after reporting a 13% rise in first-quarter sales.

Last month, Italy's Benetton family and U.S. investment fund Blackstone joined forces to propose a buyout offer for the motorway and airport operator, to take it private and stave off rival interest for the group.

The bid heralds a new phase for Atlantia, which last week finalised the sale of its domestic motorway unit to draw a line under a political dispute sparked by a deadly bridge collapse in 2018.

Stripping out the contribution of its domestic motorway unit, sales reached 1.5 billion euros in the first quarter and core profit came in at 0.9 billion euros, up 16% driven by a recovery in motorway and airport traffic.

($1 = 0.9636 euros)

(Reporting by Francesca Landini, editing by Giulia Segreti and Barbara Lewis)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ATLANTIA SPA -0.36% 22.4 Delayed Quote.28.79%
BLACKSTONE INC. -3.98% 91.07 Delayed Quote.-26.70%
BNP PARIBAS -1.73% 47.08 Real-time Quote.-21.16%
MORGAN STANLEY 0.04% 78.19 Delayed Quote.-20.37%
All news about ATLANTIA SPA
06/28Private equity's swoop on listed European firms runs into rising execution risks
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06/28ANALYSIS : Private equity's swoop on listed European firms runs into rising execution risk..
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06/24Global M&A braces for dry spell as boardrooms put expansion on hold
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06/23Italy OKs Atlantia's Takeover By Blackstone, Benettons
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06/23Benettons, Blackstone obtain Italy's green light on Atlantia takeover bid
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06/16Abertis to bid for Chicago Skyway stake, newspaper says
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06/08European Commission Green-Lights Atlantia's Purchase of Yunex
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06/05Benetton scion sees alliances and partnerships remaining important
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06/03Benetton, Blackstone on track to secure Italy's nod for Atlantia bid - sources
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05/23ATLANTIA SPA : Ex-dividend day for final dividend
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Financials
Sales 2022 6 569 M 6 878 M 6 878 M
Net income 2022 285 M 298 M 298 M
Net Debt 2022 24 892 M 26 062 M 26 062 M
P/E ratio 2022 62,2x
Yield 2022 3,57%
Capitalization 18 342 M 19 204 M 19 204 M
EV / Sales 2022 6,58x
EV / Sales 2023 5,61x
Nbr of Employees 19 289
Free-Float 56,0%
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Technical analysis trends ATLANTIA SPA
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Mean consensus HOLD
Number of Analysts 11
Last Close Price 22,40 €
Average target price 22,15 €
Spread / Average Target -1,12%
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Managers and Directors
Carlo Bertazzo Chief Executive Officer, Executive Director & GM
Tiziano Ceccarani Chief Financial Officer
Guglielmo Bove Executive VP, Head-Group Compliance & Security
Nicola Bruno Head-International Administration
Giuseppe Guizzi Independent Director
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