Atlantia Seeks Tech Enlargement With $10 Billion Autostrade Examine

Atlantia SpA, the infrastructure company controlled by the billionaire Benetton family, is seeking to invest in tech mobility services with part of the 8 billion euros ($9.7 billion) payout it will receive from the sale of its Italian highway-toll unit.

The Italian company, which agreed to sell its Autostrade unit to end an almost three year dispute following the deadly collapse of a bridge in Genoa, has been meeting investors to unveil its “next” strategy, Chief Executive Officer Carlo Bertazzo said in an interview.

Italy Highway Bridge Collapse

The remains of the Morandi motorway bridge stands after it partially collapsed in Genoa in August 2018.

Photographer: Federico Bernini/Bloomberg

“We are planning to boost digital services and tech platforms for the transportation industry and also continuing to invest in physical assets such as airports,” Bertazzo said.

Atlantia also plans to continue seeking international expansion in highway assets around the world through Abertis Infraestructuras SA, the Spanish highway operator that it jointly controls with Spanish builder ACS’s top shareholder and Chairman Florentino Perez, Bertazzo said. He added that growth in Latin America’s airport network is “interesting.”

In Italy, Atlantia controls Aeroporti di Roma SpA, which runs Rome airport, and it’s a minority shareholder in Bologna airport. It also controls the hubs in Nice and Saint-Tropez in France. Atlantia is also among the top shareholders in Getlink SE, the owner of Channel Tunnel operator Eurotunnel.

Read More: Benettons Seek Investments After $10 Billion Autostrade Sale

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