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    ATL   IT0003506190

ATLANTIA SPA

(ATL)
  Report
Real-time Estimate Tradegate  -  03:59 2022-12-01 pm EST
22.90 EUR   -0.13%
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
11/25MarketScreener's World Press Review: November 25, 2022
MS
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Bank of Italy Clears Way for Atlantia Buyout -- Update

09/22/2022 | 02:10am EST

By Pierre Bertrand


Atlantia SpA late on Wednesday said that the Bank of Italy has cleared the way for the buyout by Italy's Benetton family and U.S. fund Blackstone Inc.

The Italian infrastructure company said the bank has authorized the purchase of a qualified indirect stake in Atlantia unit Telepass by the buyers' investment vehicle Schema Alfa.

The approval was necessary because Telepass is a payment system authorized and supervised by the Bank of Italy, an Atlantia spokesman said.

The Bank of Spain also needs to authorize Schema Alfa's buyout as Atlantia is the major shareholder of Spanish infrastructure and toll road management company Abertis, a separate Atlantia spokesman said.

The companies still need the green light from Italy's market regulator Consob for the deal.

In April, the Benetton family and Blackstone submitted a buyout bid of 23 euros ($22.63) a share for Atlantia in addition to a planned dividend of EUR0.74 a share. The offer values Atlantia at roughly 19 billion euros ($20.69 billion).

The plan is to delist the company and take it private.


Write to Pierre Bertrand at pierre.bertrand@wsj.com


(END) Dow Jones Newswires

09-22-22 0410ET

Stocks mentioned in the article
ChangeLast1st jan.
ATLANTIA SPA 0.04% 22.94 Delayed Quote.31.37%
BLACKSTONE INC. -7.09% 85.04 Delayed Quote.-29.26%
All news about ATLANTIA SPA
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
11/25MarketScreener's World Press Review: November 25, 20..
MS
11/25Atlantia exit highlights Milan's battle to retain market heavyweights
RE
11/25Schematrentatre S.P.A. completed the acquisition of..
CI
11/24Atlantia : Schema Alfa Intends to Implement Delisting as Soon as Possible in Fo..
DJ
11/24Benetton-Blackstone JV to Delist Atlantia After Surpassing 90% Ownership Threshold in T..
MT
11/24Atlantia set to be delisted as buyout bid reaches 90% threshold
RE
11/17Benetton, Blackstone Takeover Offer For Atlantia Becomes Unconditional
MT
11/14Offerta Pubblica Di Acquisto Volonta : Sottoscrizione di documentazione contrattuale
PU
More news
Analyst Recommendations on ATLANTIA SPA
More recommendations
Financials
Sales 2022 6 641 M 6 849 M 6 849 M
Net income 2022 786 M 810 M 810 M
Net Debt 2022 21 760 M 22 440 M 22 440 M
P/E ratio 2022 40,0x
Yield 2022 3,58%
Capitalization 18 776 M 19 362 M 19 362 M
EV / Sales 2022 6,10x
EV / Sales 2023 5,51x
Nbr of Employees 19 289
Free-Float 56,0%
Chart ATLANTIA SPA
Duration : Period :
Atlantia SpA Technical Analysis Chart | MarketScreener
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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 22,93 €
Average target price 23,46 €
Spread / Average Target 2,32%
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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