Atlantia Sells Stake in Toll Business for EUR1.06 Billion
19 Outubro 2020 - 03:24AM
Dow Jones News
By Joshua Kirby
Atlantia SpA has agreed to sell a 49% stake in its highway
toll-collection business Telepass to investment manager Partners
Group, it said Saturday.
The Italian infrastructure company said it sold the stake for a
purchase consideration of 1.06 billion euros ($1.24 billion) and
that the deal would be completed in the first half of 2021, subject
to standard authorizations and conditions. Atlantia will retain
control of Telepass and will continue to consolidate the business,
it said.
Following the sale, Atlantia said it will collaborate with
Partners Group to develop Telepass, including through organic
growth and acquisitions in its core business, as well as developing
one-stop toll-payment services both for consumers and corporate
clients.
Write to Joshua Kirby at joshua.kirby@dowjones.com
(END) Dow Jones Newswires
October 19, 2020 02:09 ET (06:09 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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