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Atlantia, title down after Gemina merger confirmations

After the confirmation of the contacts initiated for the merger with Gemina, Atlantia's share falls on the Stock Exchange, placing itself at the bottom of the Ftse Mib - Gemina still positive, after the strong gains of recent days.

Atlantia, title down after Gemina merger confirmations

THEaccelerated on the Atlantia – Gemina takeover bid moves the shares of the two companies on the stock exchange. Atlantia, which yesterday confirmed after closed markets that it had initiated merger contacts, lost 3,54% in the morning in Piazza Affari at €13,35 per share, making it one of the worst stocks on the FTSE Mib. Opposite speech, however, for the Gemina share which continues its rush (+47% from the close of December 21st to today) gaining 1,61% to 1,2 euros per share.

According to Equita, for Atlantia the takeover bid would have a positive impact on earnings, considering a price of 1,42 euros per share for Gemina, between 8% and 10%, but would bring the debt level to around 4,5, XNUMX times the debt/EBITDA ratio.

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