Autostrade, the Benetton era comes to an end: green light also from the board of Atlantia
Almost three years after the tragedy of Morandi bridge in Genoa the reorganization of Autostrade per l’Italia is final. Following the affirmative decision of the shareholders’ meeting of Atlantia, a global leader in the sector of motorway and airport transport infrastructures of which the Benetton family is the main shareholder, it is now up to the Board of Directors to decide to accept the offer of the consortium composed of Cdp, Blackstone e Macquarie to detect 88% of Aspi. In reality, the decision seems obvious since the same board has already expressed a positive opinion on the explanatory report prepared for the shareholders’ meeting.
The signing, or rather the signing of the binding agreements for the purchase and sale of shares, will take place as soon as possible, it is even thought this Friday. Different is the closing, that is the moment of actual payment and the passage of quotas: this will take several months and is expected to take place in the first quarter of 2022.
The Benetton holding company is therefore preparing to change course, always remaining in the field of infrastructure but focusing more on the field technology and sustainability. This prospect led to good results on the stock market today, June 9, 2021: the stock rose by 0,8%, returning to altitude 16 euro. The pre-Morandi tragedy and pre-Covid levels are still far away but, thanks to the liquidity obtained from the sale of the Aspi share, the company is expected to excellent results in the near future.