Atlantia acquires A12 highway concession in Italy

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Atlantia acquires A12 highway concession in Italy

Atlantia, through its 100% owned subsidiary Autostrade per l'Italia, has completed the acquisition of a 74.95% stake in the Italian Autostrada Tirrenica (SAT).

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.

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 €84 million (US$95 million).

Autostrade per l'Italia is Italy's largest toll motorway builder and operator. In Italy approximately 4 million people, equal to 8% of the population, use the network managed by Atlantia's motorway subsidiaries every day. The network has a total length of  about 3,200 km and is designed to bring Italy closer to the socio-economic heart of Europe.

Share this news