Atlantia, the infrastructure holding company of the Benetton group, continues its airport acquisition campaign unabated. Yesterday it was awarded 21% of Save, the company that manages the Venice and Treviso airports and which, after Rome and Milan, represents the third largest Italian airport.
Atlantia acquired 21% of Save from the Amber fund for 174 million euros, 12% less than the value of the share at the close of trading yesterday in Piazza Affari. Save is a stock with little liquidity but one that distributes excellent dividends.
To finance its acquisition campaign, Atlantia is likely to accelerate the sale, which has been repeatedly proposed, of divesting a minority stake in Autostrade or Aeroporti di Roma.
