Autostrade per l’Italia Inches Toward Having New Owners

Posted on 12/23/2020

The Board of Directors of Cassa Depositi e Prestiti (CDP) gave approval to CDP Equity for the presentation by the consortium composed of CDP Equity, Blackstone Infrastructure Partners (Blackstone) and Macquarie Infrastructure and Real Assets (MIRA) of a letter non-binding offer relating to the equity investment in Autostrade per l’Italia S.p.A. (ASPI). The new offer updates the previous one. The object of the operation is the purchase by the Consortium of the entire stake held by Atlantia in ASPI, equal to 88.06% of the share capital. The stake in ASPI would be acquired by the Consortium through a BidCo held by CDP Equity up to 51% and by Blackstone and MIRA with equal shares for the residual part.

The collapse of a motorway bridge in Genoa, which killed 43 people in 2018, was caused by a combination of factors, including insufficient maintenance. This is according to a 467-paged report by technical advisers appointed by the judge in charge of the investigation. Autostrade per l’Italia’s parent is Atlantia, which is controlled by Italy’s Benetton family.

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