The Boards of Directors of ASTM S.p.A. (ASTM) and Società Iniziative Autostradali e Servizi S.p.A. (SIAS) have convened to approve an integration project to be implemented by a merger by incorporation of SIAS into ASTM.

ASTM currently holds 63.4% of SIAS.

ASTM will launch a voluntary partial public tender offer on SIAS involving no. 11,377,108 SIAS ordinary shares, equal to 5.00% of 'SIAS’ share capital, for a consideration in cash equal to Euro 17.50 per each share adhering to the offer. The Companies have signed a framework agreement governing the preliminary and required activities for the realization of the integration project.

The Boards of the Directors of ASTM and SIAS have resolved to call their respective Extraordinary Shareholders’ Meeting, in single call, for October 16, 2019 to approve the Merger plan and the resolutions connected thereto.

ASTM is a holding company listed on the Mercato Telematico Azionario (MTA – Italian Stocks Exchange), organized and managed by Borsa Italiana S.p.A., and operates, both directly and through subsidiaries, in construction and management of motorways in concession regime, in engineering and construction of infrastructures and in technologies applied to transports.

SIAS is a holding company listed on the Mercato Telematico Azionario (MTA – Italian Stocks Exchange), organized and managed by Borsa Italiana S.p.A., and operates, through its own subsidiaries, in management of motorways in concession regime and in technologies applied to the mobility in transports.