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

ATLANTIA SPA

(ATL)
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Italy's Atlantia agrees $1.2 billion Telepass stake sale to Partners Group

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10/17/2020 | 11:19am EDT

MILAN, Oct 17 (Reuters) - Atlantia, the Italian infrastructure group, said on Saturday it has agreed to sell a minority stake in Telepass to transform the toll-road payment unit into a pan-European multi-service platform for consumers and businesses.

The 49% holding is being sold to Partners Group for 1.06 billion euros ($1.24 billion), Atlantia said in a statement.

The two companies will work together to develop the business with a focus on the consolidation of the Electronic Tolling Collection market, Atlantia added.

With 7 million customers and over 12 million devices, Telepass manages transactions worth 7 billion euros a year across 14 European countries, covering over 105,000 kilometres (65,244 miles) of motorway networks.

Atlantia, which owns 88% of motorway company Autostrade per l'Italia, entered exclusive talks with Partners Group in August. The deal requires regulatory approval which is expected in the first half of 2021, the company said.

Goldman Sachs International, Intesa Sanpaolo/Banca Imi and Mediobanca advised Atlantia on the deal. ($1 = 0.8534 euros) (Reporting by Gianluca Semeraro; Editing by Mike Harrison)


Stocks mentioned in the article
ChangeLast1st jan.
ATLANTIA SPA -3.17% 14.8 Delayed Quote.-26.48%
PARTNERS GROUP HOLDING AG 0.07% 861.6 Delayed Quote.-2.98%
THE GOLDMAN SACHS GROUP, INC. 2.12% 210.165 Delayed Quote.-10.54%
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Financials
Sales 2020 8 635 M 10 211 M 10 211 M
Net income 2020 -223 M -263 M -263 M
Net Debt 2020 38 370 M 45 375 M 45 375 M
P/E ratio 2020 -71,6x
Yield 2020 0,22%
Capitalization 12 503 M 14 729 M 14 786 M
EV / Sales 2020 5,89x
EV / Sales 2021 4,61x
Nbr of Employees 29 703
Free-Float 55,7%
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Number of Analysts 16
Average target price 16,76 €
Last Close Price 15,29 €
Spread / Highest target 43,9%
Spread / Average Target 9,64%
Spread / Lowest Target -56,3%
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Carlo Bertazzo Chief Executive Officer & Executive Director
Fabio Cerchiai Chairman
Tiziano Ceccarani Chief Financial Officer
Valentina Martinelli Non-Executive Director
Giuseppe Guizzi Independent Director
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