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Abertis deal on track as Atlantia, partners prep buyout vehicle - sources
Posted on Thursday September 20, 2018
MILAN/MADRID (Reuters) - Italy's Atlantia (ATL.MI), Spain's ACS (ACS.MI) and Germany's Hochtief (HOTG.DE) will next week enter the home straight in their acquisition of Spanish toll-road group Abertis, quelling concerns that a disaster involving one of Atlantia's units could halt it. The three companies will set up a special purpose vehicle (SPV) next week, which will become the owner of Abertis, three sources close to the matter said. "Atlantia, ACS and Hochtief will create a vehicle and give it the financial resources to buy Abertis' shares from Hochtief," one of the sources said.
[$$] Genoa Bridge Probe Focuses on Email Sent Hours After Collapse
Posted on Monday September 17, 2018
Italy’s financial police are searching the offices of a consulting group that carried out a study on the bridge that collapsed in Genoa last month, killing 43 people, as the number of persons of interest in the case seems set to widen and investigators focus on unofficial communications, according to a person familiar with the matter. About 20 investigators from the Guardia di Finanza are in the offices of Milan’s Polytechnical University and engineering consultant CESI SpA, the person said. SpA’s toll-road arm Autostrade per l’Italia SpA, had seen the study.
INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Atlantia S.p.A.
Posted on Friday September 14, 2018
NEW YORK, Sept. 14, 2018-- Levi & Korsinsky announces it has commenced an investigation of Atlantia S.p.A. concerning possible violations of federal securities laws.. On August 14, 2018, a motorway bridge ...
Italy Decides Against Speeding Up Autostrade Revocation
Posted on Thursday September 13, 2018
Italy will follow standard procedures for revoking the highway concession held by Atlantia SpA’s Autostrade unit and won’t speed things up at a Cabinet meeting focused on the Genoa bridge disaster, people familiar with the matter said. The highway bridge collapse a month ago killed 43 people, leading to enormous pressure to sanction Autostrade. Italy will pursue the normal procedure to revoke the concession that was started in August with a dispute letter to the company, said the people, one of whom is a government official, who asked not to be named.