Atlantia looks to sell 30%-40% stake in Autostrade per l'Italia
Atlantia, the listed Italian infrastructure group, is looking to sell a 30%-40% stake in Autostrade per l'Italia (ASPI), its Italian motorway operating unit, Italian-language daily Il Sole 24 Ore reported.
The unsourced article said the operation was discussed informally and is now to be evaluated at a board of directors meeting.
The report noted the timing and structuring of any such operation still needs to be discussed. The timing is also likely to be determined by when Atlantia sells a 20%-30% stake in Aeroporti di Roman (AdR), the company that manages Rome's airports, the item noted.
Atlantia is valued by some analysts at EUR 18bn, of which EUR 13bn is accounted for by its motorway operations and EUR 3.5bn by its airport operations. The report added that Atlantia could receive EUR 5bn-EUR 6.5bn from the sale of the stakes in ASPI and AdR.
Atlantia has a market cap of EUR 16.4bn.
Il Sole 24 Ore