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Atlantia: decisive hours, title in the spotlight

Anticipation is growing for Tuesday's board meeting which will have to take stock of the negotiations with the government for the reorganization of Aspi and, more generally, on the negotiation for the motorway concession - In the field Cdp, F2i and (perhaps) Allianz

Atlantia: decisive hours, title in the spotlight

In the spotlight at Piazza Affari the title of Atlantia. The market takes for granted that the Benetton holding company will acquire Autostrade per l'Italia: the most probable road seems to be the one via Cdp and F2i, but there is also talk of a possible sale to a consortium led by Allianz (disputed solution but by the League).

After failing to price at the opening, the shares of Atlantia they gradually deflated during the morning, going from +7 to +2% (while the Ftse Mib grows by over 3%).

The meeting will take place on Tuesday board of directors which will have to take stock of the negotiations with the Government for the reorganization of Aspi and, more generally, on the negotiation for the motorway concession.

According to some rumors that emerged over the weekend - and then denied - the German giant Allianz he plans to raise Autostrade per l'Italia from 6% to 51%, on condition that tariffs are frozen for 2-3 years and that he does not have to pay penalties exceeding 2 billion.

"We have no news of the sale to foreign shareholders - said the Minister of Infrastructure, Paola De Micheli, speaking on Radio 24 on Monday morning – Allianz is a shareholder of Aspi and therefore someone may have made a consequential reasoning ”.

Other indiscretions reported by the newspaper The messenger instead they speak of a request from the Ministry of Transport arriving on the table of the Atlantia board of directors on Tuesday. In essence, the Government plans to ask for a 5% tariff cut during the concession, a penalty of 2 billion and the entry of CDP and F2i into the capital.

However, there would still be no agreement on the cancellation of thearticle 35 of the Milleproroghe decree (which establishes that, in the event that it is decided to say goodbye to the operators, the routes will pass to Anas(. After all, as reported by Il Sole 24 Ore, the Government would not have any particular urgency in reaching an agreement with Atlantia and Aspi today but could wait for the go-ahead for 'phase 2' of the restrictions due to the Coronavirus, when traffic on the motorways will rise significantly.

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