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    ATL   IT0003506190

ATLANTIA SPA

(ATL)
  Report
Delayed Borsa Italiana  -  11:36 2022-12-01 am EST
22.94 EUR   +0.04%
11/29Atlantia SpA(BIT:ATL) dropped from FTSE All-World Index
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11/25Benettons, Blackstone reach more than 95% of Atlantia after bid - Reuters calculations
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11/25MarketScreener's World Press Review: November 25, 2022
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Bank of Italy clears Benetton-Blackstone's bid for Atlantia

09/21/2022 | 02:06pm EST
FILE PHOTO: An Atlantia sign outside the Italian infrastructure group's Rome headquarters

MILAN (Reuters) - The Bank of Italy has cleared a multi-billion euro buyout bid for infrastructure group Atlantia proposed by the Benetton family and U.S. fund Blackstone, the two bidders said in a statement on Wednesday.

The Benetton family and the U.S. fund, who have joined forces through investment vehicle Schema Alfa, aim to take the Italian airport and motorway operator private by the end of this year. They are offering Atlantia's investors 23 euros per share and a proposed dividend of 0.74 euros a share.

The bid heralds a new phase for Atlantia which sold its domestic motorway unit earlier this year to draw a line under a political dispute sparked by a deadly bridge collapse in 2018.

The Benetton family, which already owns 33% of Atlantia, and Blackstone need to get the final go ahead from Italy's market watchdog Consob before they can launch the bid on the stock market.

The proposed bid needed Bank of Italy's greenlight because the central bank oversees some activities of Atlantia's digital toll payment unit Telepass.

(Reporting by Francesca Landini; Editing by Emelia Sithole-Matarise)


ę Reuters 2022
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
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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
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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
Sector and Competitors
1st jan.Capi. (M$)
ATLANTIA SPA31.37%19 362
GETLINK SE8.76%8 831
JIANGSU EXPRESSWAY COMPANY LIMITED-11.89%5 428
ANHUI EXPRESSWAY COMPANY LIMITED-5.56%1 551
THAILAND FUTURE FUND2.72%978
USD PARTNERS LP-39.89%106