Atlantia says no intention to sell Rome airport stake

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Atlantia says no intention to sell Rome airport stake

Italy's Atlantia, which controls airport operator Aeroporti di Roma S.p.A (AdR), said on Tuesday it has not intention to sell a minority stake in the group that runs Rome's airports to foreign institutional investors.

In a statement, Atlantia said a bond issuance in December had given AdR all the financial muscle it needed to fund its five-year business plan.

Italian media sources had said Abu Dhabi-based carrier Etihad Airways could be interested in buying a stake in Rome's biggest airport Fiumicino. However, Etihad's CEO said last month the company was not planning to buy a stake in Fiumicino.

In March 2013, Gemina, the company that owns Rome airport operator ADR, merged with Italian motorway group Atlantia to create one of the biggest European motorway and airport groups with businesses in Italy and Latin America.

The structure of the transaction envisaged Gemina's absorption by Atlantia, which will remain the sole holding company. There will be no cash payments. Atlantia and Gemina approved the following exchange ratio: 1 ordinary share in Atlantia with a par value of €1 each for every 9 ordinary shares in Gemina.

Atlantia and Gemina said they aim to invest together in the expansion of the airport sector in Italy, more concretely in ADR's investment programme of approximately €12 billion.

List of country news

Country news

  • March 11, 2014

    Corporacion America launches bid for Italian airports

    Argentina's Corporación America has announced that it has launched takeover bids for the companies that operate Italy's Pisa and Florence airports. Read more
  • April 16, 2014

    Partners Group acquires thirteen solar power plants in Italy

    Partners Group has bought 13 operational solar-power plants in Italy and plans to acquire more. Read more
  • April 30, 2014

    Financial close for Florence tram refinancing

    MPS Capital Services, the Corporate and Investment Bank of Gruppo Montepaschi, has acted as lead arranger, custodian bank and agent bank for the €166 million refinancing of a public private partnership for construction and management of lines 2 and 3 of Florence tramway system. Read more
  • May 15, 2014

    Abertis acquires Italian mobile towers

    Abertis has reached an agreement with Atlantia to buy its subsidiary TowerCo, which operates the mobile telecommunications towers on Italy's toll road network. The transaction, that has been completed for a total of €94.6 million, is expected to be closes in the next weeks. Read more
  • June 13, 2014

    Ambienta holds third fund close at 250m

    Environmental-focused private equity firm Ambienta has reportedly hold another interim close for its latest fund, Ambienta II. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.