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SOCIET└ INIZIATIVE AUTOSTRADALI E SERVIZI S.P.A.

(SIS)
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SocietÓ Iniziative Autostradali e Servizi S p A : Agreement signed to acquire Mattioda Group's stakes in ATIVA and SITAF

10/23/2019 | 12:15pm EDT

PRESS RELEASE

AGREEMENT SIGNED TO ACQUIRE MATTIODA GROUP'S STAKES IN ATIVA AND SITAF

Turin, 23 October 2019 - ASTM and SIAS have signed an agreement with the Mattioda Group to acquire its stakes in the ATIVA and SITAF concessions.

Specifically, on the basis of this agreement, ASTM and SIAS will acquire a 31.17% stake held by the Mattioda Group in ATIVA - a licensee company (operating under de-facto regime, considering that concession expired on 31/08/2016) for the A5 Torino-Ivrea-Quincinetto, A4/A5 Ivrea-Santhià and Torino-Pinerolo motorways, as well as the Turin ring road system - for a total of € 48.9 million.

The new post-deal shareholding structure for ATIVA will be as follows:

ASTM/SIAS Group:

72.34%

Metropolitan City of Turin:

17.64%

Mattioda Group:

10.00%

Others

0.02%

At the same time, the agreement signed between the parties also provides for ASTM and SIAS to acquire the 10.19% stake held by the Mattioda Group in SITAF, the licensee company of the Fréjus Road tunnel, for a total of € 53.6 million.

On the basis of this agreement, the new post-deal shareholding structure for SITAF will be as follows:

ASTM/SIAS Group:

47.08%

ANAS:

51.09%

Others:

1.83%

The acquisition of the SITAF stake, a long-term asset that manages the only Alpine tunnel which shall be provided with two lanes connecting Italy and France, assumes a particular strategic value for the ASTM/SIAS Group as it consolidates its presence on the Italian market and simplifies share ownership and corporate governance.

ASTM and SIAS will each acquire 50% of the ATIVA and SITAF holdings. With reference to the merger by incorporation of SIAS into ASTM in progress, please note that the above-mentioned acquisitions do not affect the share swap ratio.

ASTM S.p.A.

Corso Regina Margherita, 165 - 10144 Turin (Italy) Tel: (+39) 011 43 92 111 - Fax: (+39) 011 43 92 218

www.astm.it - Certified E-mail (PEC): astm@legalmail.it - E-mail: astm@astm.it

SIAS - Società Iniziative Autostradali e Servizi S.p.A.

Via Bonzanigo, 22 - 10144 Turin (Italy)

Tel: (+39) 011 43 92 102 - Fax: (+39) 011 43 71 691

www.grupposias.it - Certified E-mail (PEC): sias@legalmail.it - E-mail: info@grupposias.it

Investor Relations ASTM

Arthur Targon

Tel: (+39) 0131 87 91 40

E-mail: investor.relations@astm.it atargon@astm.it

Investor Relations SIAS

Giuseppe Agogliati

Tel:

(+39) 011 43 92 133

E-mail:

investor.relations@grupposias.it

Communications & Press Relations

Giovanni Frante

Tel: (+39) 0131 87 93 09

E-mail: gfrante@astm.it

Moccagatta Associati

Tel: (+39) 02 86 45 16 95 / 02 86 45 14 19

E-mail: segreteria@moccagatta.it

Disclaimer

SIAS - Società Iniziative Autostradali e Servizi S.p.A. published this content on 23 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2019 16:14:09 UTC


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Sales 2018 1 440 M 1 680 M 1 680 M
Net income 2018 265 M 308 M 308 M
Net Debt 2018 1 477 M 1 723 M 1 723 M
P/E ratio 2018 10,4x
Yield 2018 5,80%
Capitalization 3 399 M 3 803 M 3 964 M
EV / Sales 2017 3,67x
EV / Sales 2018 2,93x
Nbr of Employees 2 539
Free-Float 24,0%
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