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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Atlantia SpA    ATL   IT0003506190

ATLANTIA SPA

(ATL)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/19 01:20:24 pm
13.788 EUR   +1.01%
01:17pBinding bid for Atlantia's unit to slip beyond January -sources
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01/15ATLANTIA SPA : Proxy Statments
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2020ATLANTIA : agrees end-January deadline for due diligence on Italy motorway unit
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Exclusive: Macquarie in exclusive talks to buy Italy's Ital Gas Storage - sources

11/11/2020 | 10:17am EST
FILE PHOTO: A pedestrian walks past the logo of Australia's Macquarie Group at the firm's headquarters in central Sydney

MILAN (Reuters) - Australia's Macquarie is in exclusive talks to buy Italy's biggest independent gas storage facility for more than 1 billion euros ($1.2 billion) but will need government clearance before clinching any deal, three sources close to the matter said.

Ital Gas Storage, 92.5% owned by Morgan Stanley Infrastructure Partners, will have a capacity of around 1 billion cubic metres (bcm) when fully operational and is part of a sector considered strategic by Rome.

"The government will be looking at the deal under its golden power prerogative when the parties notify them," one of the sources said on condition of anonymity.

Rome is preparing a decree enacting special vetting power to protect strategic assets, including gas storage, from unwanted foreign buyers.

Members of Italy's ruling 5-Star Movement and opposition League party last month called for caution in deals involving investment funds and the country's critical infrastructure.

The Macquarie bid values Ital Gas Storage at around 1.2 billion euros including debt of around 850 million euros, one of the sources said.

Macquarie, Morgan Stanley and Ital Gas Storage all declined to comment.

Macquarie, which already owns part of Italy's second-biggest gas transporter Società Gasdotti Italia, is targeting a series of infrastructure investments in Italy.

It is in talks to take stakes in broadband infrastructure group Open Fiber and Atlantia's tollroad business Autostrade per l'Italia.

Italy has around 18-19 bcm of gas storage capacity, most of it run by gas transport group Snam.

Ital Gas Storage has not disclosed when it will reach full operational capacity.

($1 = 0.8479 euros)

(Reporting by Stephen Jewkes; editing by Barbara Lewis)

By Stephen Jewkes and Giuseppe Fonte


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ATLANTIA SPA 0.59% 13.73 Delayed Quote.-7.24%
MACQUARIE GROUP LIMITED 1.60% 138.83 End-of-day quote.0.25%
SNAM S.P.A. -0.88% 4.408 Delayed Quote.-3.35%
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More news
Financials
Sales 2020 8 161 M 9 899 M 9 899 M
Net income 2020 -607 M -736 M -736 M
Net Debt 2020 39 478 M 47 888 M 47 888 M
P/E ratio 2020 -18,5x
Yield 2020 0,24%
Capitalization 11 166 M 13 485 M 13 544 M
EV / Sales 2020 6,21x
EV / Sales 2021 4,68x
Nbr of Employees 28 955
Free-Float 55,7%
Chart ATLANTIA SPA
Duration : Period :
Atlantia SpA Technical Analysis Chart | ATL | IT0003506190 | MarketScreener
Technical analysis trends ATLANTIA SPA
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 16,85 €
Last Close Price 13,65 €
Spread / Highest target 68,5%
Spread / Average Target 23,4%
Spread / Lowest Target -51,0%
EPS Revisions
Managers and Directors
NameTitle
Carlo Bertazzo Chief Executive Officer & Executive Director
Fabio Cerchiai Chairman
Tiziano Ceccarani Chief Financial Officer
Valentina Martinelli Non-Executive Director
Giuseppe Guizzi Independent Director