Abertis signs up an agreement to purchase a 51.4% stake in Italy's A4 and A31 toll roads
Abertis has secured an agreement with Intesa, Astaldi and the Tabacchi family to take up the two companies controlling 51.4% stake in the Italian industrial group A4 Holding, whose main assets are the A4 Brescia-Padova and the A31 toll roads.
The acquisition, closed for a total amount of €594 million (US$677 million), will be disbursed at the end of January 2023.
A4 Holding runs the 146-kilometre, 3-lane section of the A4 toll road, known as "La Serenissima", between Brescia and Padova. This is the country's third busiest toll road, with an Average Daily Traffic (ADT) of around 91,000 vehicles.
The 89-kilometre A31 (“Autostrada della Valdastico”) has an ADT of more than 12,000 vehicles. It is currently divided into 2 stretches: Vicenza-Piovene Rocchette (36 kilometres) and Vicenza-Badia Polesine (53 kilometres).
The concession contract of both toll roads (A4 and A31) expires in 2026, subject to the approval of the A31 extension.
Among other conditions, the agreement is pending Italian government approval of the A31 extension (The Northern Connection Project), an investment programme of considerable strategic importance to the country.
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