ACQUISITION OF AUTOSTRADA TIRRENICA COMPLETED
Rome, 2 September 2015 – Atlantia announces that, following fulfilment of all the conditions precedent, Autostrade per l’Italia has today completed the acquisition of a 74.95% stake in Autostrada Tirrenica (SAT), in accordance with the agreements reached. Autostrade per l’Italia already owned 24.98% of the company.
The transaction raises the Group’s total interest in SAT to 99.93%, resulting in the company’s line-by-line consolidation in the Group’s accounts.
The cost of the transaction is approximately €84m.
SAT holds the concession for the A12 Livorno–Civitavecchia motorway, of which the Livorno-Rosignano section of around 40 km is in operation, whilst work on the Civitavecchia-Tarquinia section of approximately 15 km is at an advanced stage.