Società Iniziative Autostradali e Servizi S.p.A. (BIT:SIS) and ASTM S.p.A. (BIT:AT) entered an agreement to acquire 31.17% stake in ATIVA S.p.A Autostrada Torino Ivrea Valle d'Aosta from Mattioda Group for €48.9 million on October 23, 2019. In a related transaction, Società Iniziative Autostradali e Servizi S.p.A. and ASTM entered into an agreement to acquire 10.19% stake in SITAF from Mattioda Group for €53.6 million. Post-completion, the collective stake owned by Società Iniziative Autostradali e Servizi and ASTM in ATIVA will increase to 72.34% from 41.17% while the stake owned by Mattioda in ATIVA will decrease to 10% from 41.17%.