Atlantia is running, +2,05%, just a whisker from 15 euros, the only stock on Piazza Affari in positive territory in the wake of the rumors about the next agreement on the fate of Autostrade per l'Italia.
For now, to tell the truth, the phone has not yet rang in the headquarters of the group controlled by Edizione Holding. But it is likely that it will be a matter of hours before negotiations with Minister Paola De Michelis will resume, at least informally, to reach a compromise which, in general, looks like this: Atlantia reduces its stake below 50% in favor of the CDP/F2i. The price will be calculated on the new profitability parameters of the motorway network, which will in any case have to guarantee investors an "adequate" return on capital. All this together with the launch of an industrial plan together with the definition of the new level of tolls, decreasing but not to the point of sacrificing the amount of investments and, even more sensitive on a political level, to provide for compensation.
In short, a vast programme to quote General De Gaulle, who could jump before the finish line. But he contributes to favoring an agreement in principle after months of long-distance confrontation the next inauguration of the Genoa bridge: a solution of the intrigue before the ceremony would be of great advantage to all contenders. For the Benettons, as long as the cleaver of the Mille Proroghe is skipped. For the Five Stars, looking for a difficult political balance, even among the various souls of the movement. For Prime Minister Giuseppe Conte who in recent days has urged the Benettons to agree to an agreement by airing the ax for the revocation of the concession. But the lawyer Conte is well aware of the risks and repercussions (including international ones) of a revocation.
In short, war does not seem to be convenient for anyone. The road is narrow but the state entrance through the double Cdp-F2i vehicle seems to be the only passable one.
