They did the only binding purchase offer for the share package paying IRI 5.05 billion; the remaining 56% of the shareholding held by IRI was intended to the stock market by a public sale offer which led to obtain 8.75 billion lire, for a total sum for IRI of 13,800 billion lire. Equifax entered into a definitive Merger Agreement with Boa Vista Servios on February 9, 2023. Fitch Affirms Atlantia, Abertis, AdR Ratings; Outlooks Negative If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. You may change or cancel your subscription or trial at any time online. , 9 M The Teamsters say any tentative agreement would need to be endorsed by its national committee before being disseminated and voted on by membership. ($1 = 0.9191 euros). MILAN, March 29 (Reuters) - Shareholders in Italy's Atlantia on Monday rejected a proposal to extend to end-July from end-March a plan to spin off Autostrade, in a sign they prefer focusing on. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Blackstone and Benetton family bid to take Italy's Atlantia private in www.atlantia.com Press Release ATLANTIA: SHAREHOLDERS' MEETING ON 16 JANUARY 2023 Milan, January 16, 2023 - The General Meeting of Atlantia S.p.A. ("Atlantia") held today under the chairmanship of Amb. Atlantia's operated at median shareholder yield of -21.9% from fiscal years ending December 2017 to 2021. Atlantia also owns 50% plus one share of the equity of Abertis, the first national operator of toll roads in countries such as Spain, Chile and Brazil. The union also said it also reached a tentative agreement to establish Martin Luther King Jr. Day as a full holiday for the first time and end unwanted overtime on drivers days off. , 7 M . ATLANTIA : Shareholders Board Members Managers and Company Profile Shareholders agreements related to Atlantia S.p.A. essential information pursuant to Articles 122 of the CFA and Article 131 of the Issuers' Regulation (Italian-only) Essential information pursuant to Article 130 of the Issuers' Regulation related to the Investment and partnership agreement as amended on 13 November 2022 (Italian-only) Essential information pursuant to Article 130 of the . Atlantia receives notice of claim from ASPI minority shareholders. Andrea Mangoni (CEO), Edizione S.P.A. (Through Sintonia S.P.A): 57%, Fondazione Cassa di Risparmio di Torino: 5,2%, This page was last edited on 26 June 2023, at 17:25. Last month, the union and the company reached another tentative agreement to equip more trucks with air conditioning equipment. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. In its last financial report, the company saw core profit reaching 5.1 billion euros ($5.6 billion) by 2024, matching the figure it plans to invest over the same period. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. "Bloomberg Opinion" columnists offer their opinions on issues in the news. 1023691 Authorized the Board of Directors to cancel shares resulting from the buy-back plan, Articles of Association, designed to further improve Companys corporate governance standards, and amendments to the General Meeting Regulations approved. That strike cost the company $850 million. Latham & Watkins Defending KPMG in Class Action Suit Brought by Credit CET 18.34 Rome, 28 April 2021 The General Meeting of Atlantia SpAs shareholders, Atlantia SpAs financial statements for 2020 approved, New Board of Statutory Auditors and its Chairman elected for the period 2021-2023, Election of a member of the Board of Directors, First section of Report on the Remuneration Policy for 2021 and Remuneration Paid in 2020 approved, vote in favour on the second section, The General Meeting approved an incentive plan based on Atlantia SpAs ordinary shares named Stock Grant Plan 2021-2023, with focus also on creation of sustainable value, Amendments to Articles of Association to further improve Atlantias corporate governance standards approved. In the last financial report, the company saw core profit reaching 5.1 billion euros ($5.6 billion) by 2024, matching the figure it plans to invest over the same period. Shares in Atlantia, which has a market capitalization of over 16 billion euros ($17.5 billion), surged 10% on Thursday as the company finds itself caught in a potential bidding war also involving the Benetton family and Florentino Perez, president of Real Madrid soccer club. 2021. was a year of great transformation, in . The operation was voted on by almost 87% of the capital represented at the shareholders' meeting. university Atlantia's acquisition of . INSIGHT. This material may not be published, broadcast, rewritten, or redistributed. By clicking Sign Up, I confirmthat I have read and agreeto the Privacy Policy and Terms of Service. Atlantia left Piazza Affari on 9 December 2022, with the official delisting of the company from the Italian stock exchange after 35 years.[23][24]. [4], Atlantia changed its name to Mundys on 15 March 2023.[5]. cookies , 10 M Have a confidential tip for our reporters? The . Under that agreement, UPS said it would add air conditioning to U.S. small delivery vehicles purchased after January 1, 2024. Amendments to Articles of Association to further improve Atlantias corporate governance standards approved, Mundys S.p.A. In 1999, the Autostrade company was privatized. Giampiero Massolo, initiated the activities necessary for the implementation of Atlantia's post-delisting governance structure. ATLANTIA : Shareholders Board Members Managers and Company Profile Copyright 2023 Surperformance. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. RATING RATIONALE The rating actions follow the recent preliminary agreement between the group and the national government to settle the dispute on the ASPI concession early termination. 03731380261 REA no. All rights reserved. "It means small and medium-sized businesses will be most vulnerable, and individuals who are depending on food, and medications being shipped on a monthly basis will have a disruption," says Margaret Kidd, a supply chain expert at the University of Houston. In June, Atlantia signed an agreement to sell its controlling stake in the Italian unit Autostrade per l'Italia (Italian motorways) to a consortium which includes state lender Cassa Depositi e Prestiti (CDP) and investment funds Blackstone (BX.N) and Macquarie (MQG.AX). 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Industrial Services - Engineering & Construction, Commercial Services - Miscellaneous Commercial Services. Factbox-Atlantia's main shareholders and businesses | Reuters Atlantia: Shareholders' Meeting on 16 January 2023 - Mundys The industry leader for online information for tax, accounting and finance professionals. Atlantia's acquisition of Aroports de la Cte d'Azur . Want the lowdown on European markets? within the SE Italian Index. In your inbox before the open, every day. , 22 M Atlantia's shareholder yield for fiscal years ending December 2017 to 2021 averaged -29.8%. PEC mundys@pec.mundys.com, 2022-01-16_ATLANTIA_Shareholders meeting_ENG-go.pdf, Internal control & risk management system. [3], The main shareholders are: Edizione (a company of the Benetton family), Blackstone and the CRT Foundation. analyse how our Sites are used. Downtown-based Kroger (NYSE: KR), the nation's . The Atlantia shareholders' meeting gives the go ahead for the sale of All quotes delayed a minimum of 15 minutes. Atlantia would remain separate from Aspi if the deal is agreed. [18], Over the years, the company has received several awards in the area of sustainable development, earning an A rating in 2022 from the Carbon Disclosure Project (Cdp),[19] a score of 73 from Moody's and an improvement in its rating from 'BBB' to 'AA' in the Msci Esg index. read more. Our Standards: The Thomson Reuters Trust Principles. At the beginning of April 2022, Spanish financier Florentino Perez (shareholder of 50% minus one share in Atlantia's majority-owned company Abertis) together with the two private equity funds Global Infrastructure Partners and Brookfield Infrastructure Partners, considered launching a takeover bid (OPA) for Atlantia. A long-simmering feud over Italys largest highway operator could be resolved on Monday as Atlantia SpA shareholders meet to approve the sale of Autostrade SpA to a group led by state-backed lender Cassa Depositi e Prestiti. CET 17.17 Milan, January 16, 2023 The General Meeting of Atlantia S.p.A. (Atlantia) held today under the chairmanship of Amb. Kemp requests recovery prayers for Augusta deputy shot in line of duty, FOX 5 Atlanta is now streaming free on FOX LOCAL. , 8 M Negotiations had appeared to be progressing in recent weeks, with tentative agreements on a number of issues since national contract talks began in April. If a strike occurs, it would be the first since a 15-day walkout by 185,000 workers crippled the company in 1997. Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for 1 for 4 weeks, You will be billed 65 per month after the trial ends, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). GIC Private Limited, Singapore's sovereign wealth fund, has a 8% stake in Atlantia, Italy's market watchdog figures show. The company returned about $8.6 billion to shareholders in the form of dividends and stock buybacks in 2022, and forecasts another $8.4 billion for shareholders this year. - Approved buy-back plan worth up to 2bn, - Authorized the Board of Directors to cancel shares resulting from the buy-back plan, - Amended Articles of Association, designed to further improve Companys corporate governance standards, and amendments to the General Meeting Regulations approved, Mundys S.p.A. The takeover bid was launched on Atlantia's total shares, that is, 66.90% of its capital, with the exception of the 33.10% stake held by Edizione. April 28, 2021 Shareholders General Meeting of 28 April 2021 CET 18.34 Rome, 28 April 2021 - The General Meeting of Atlantia SpA's. | May 3, 2023 The Company operates through five segments: Italian motorways, Overseas motorways, Italian airports, Overseas airports, and Atlantia and other activities. The transaction could be worth more than 48 billion euros ($51.96 billion) if Atlantias net debt of 30 billion euros is included in the deal, making it the second biggest global deal so far this year. The General Meeting resolved to: - adopt Atlantias new by-laws, containing provisions which reflect, among others, the status of non-listed company; - appoint, until the approval of the financial statements for the 2025 fiscal year, the new Board of Directors, consisting of 11 members (Alessandro Benetton, Ermanno Boffa, Mattia Brentari, Christian Coco, Maurizio Irrera, Jonathan Kelly, Enrico Laghi, Giampiero Massolo, Andrea Pezzangora, Scott Schultz, Andrea Valeri), confirming Giampiero Massolo as Chairman and appointing Alessandro Benetton as Vice Chairman; - appoint as new Board of Statutory Auditors Riccardo Michelutti - as Chairman - Benedetta Navarra and Graziano Visentin, for the same term established for the Board of Directors. The main shareholders are: Edizione (a company of the Benetton family ), Blackstone and the CRT Foundation. Tax code, VAT number and Rome Companies' Register no. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. FOX 5 Atlanta is now on the FOX LOCAL app available through Apple TV, Amazon FireTV, Roku and Google Android TV! Atlantia (company) - Wikipedia ATLANTIA : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | LIQUIDNET SYSTEMS: ATL | LIQUIDNET . Atlantia also has a 51% stake in digital toll payment company Telepass and 15% of Eurotunnel operator Getlink . Atlantia shareholders scrap motorway unit spin-off plan Here's what to expect from Atlantia's earnings Markets Insider Automation 562d Here's what to expect from Atlantia's earnings Moodys 582d Autostrade per l'Italia S.p.A. -- Moody's upgrades ASPI. Kroger increases dividend, CEO updates Albertsons deal - Cincinnati Founded in 1950 as Autostrade,[6] when the company Concessioni e Autostrade S.p.A. was created, it aimed to give a significant contribution, cooperating with other Groups, to the post-war reconstruction of Italy. Premium access for businesses and educational institutions. 1023691 Atlantia: Shareholders' Meeting on 16 January 2023 - Atlantia For cost savings, you can change your plan at any time online in the Settings & Account section. Atlantia SpA is an Italy-based company engaged in toll road and airport management. ATLANTA, June 29, 2023 /PRNewswire/ -- The merger of Equifax (NYSE: EFX) and Boa Vista Servios (BOAS3: SAO), the second largest credit bureau in Brazil, received shareholder approval in a Boa Vista Servios Shareholders' Meeting held today ("Merger of Shares EGM"). organisation It was further reduced to "E-" on 10 October 2019 in relation to the management following the Morandi bridge collapse, and was then finally suspended by press release on 22 September 2022. ASPI and AdR are infrastructure assets currently managed and owned by Atlantia. Italian banking foundation CRT has a 4.5% stake in Atlantia, and is among the long-time investors in the group. Atlantia: Shareholders' Meeting on 16 January 2023 The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. For a full comparison of Standard and Premium Digital, click here. A strike could severely impact the supply chain. PEC mundys@pec.mundys.com, 2021-12-03 Shareholders meeting 3 December-2021-12-03-1002.pdf, Internal control & risk management system. Industrial Services - Engineering & Construction, Commercial Services - Miscellaneous Commercial Services. Tutti i nomi", "The $11 Billion Reason Italy May Not Nationalize Autostrade", "Fitch downgrades Italy's Atlantia, Austostrade; Spain's Abertis also hit", https://en.wikipedia.org/w/index.php?title=Mundys&oldid=1162043971, Giampiero Massolo (President) With the 30% of the capital, Schemaventotto S.p.A. takes over the IRI Group, which was the reference shareholder. PEC mundys@pec.mundys.com, Internal control & risk management system. WHO ARE ATLANTIA'S MAIN SHAREHOLDERS? This intercompany loan will allow HoldCo to immediately repay its outstanding 8.225 billion bridge loan, which was drawn in November 2022 to finance a portion of the consideration for the voluntary public tender offer undertaken by HoldCo through BidCo. 2358, paragraph 2, of the Italian Civil Code, a subsequent extraordinary General Meeting today also authorized an intercompany loan financing whereby HoldCo will borrow up to 8.225 billion from Atlantia. MILAN, April 7 (Reuters) - Global Infrastructure Partners and Brookfield Infrastructure pitched a possible takeover of Italian road and airport operator Atlantia (ATL.MI) last week after talks with its main shareholder the Banettons, the two funds said. Shareholders in Italy's Atlantia on Monday rejected a proposal to extend to end-July from end-March a plan to spin off Autostrade, in a sign they prefer focusing on ongoing talks to sell the. Our Standards: The Thomson Reuters Trust Principles. The shareholding structure is as follows: On 14 August 2018, the Atlantia managed Morandi Bridge collapsed causing the death of 43 people. [25], In 2018, the net debt level of Atlantia and the subsidiary Autostrade per l'Italia, had raised concerns from journalists and rating agencies. April 28, 2021 Shareholders General Meeting of 28 April 2021 CET 18.34 Rome, 28 April 2021 - The General Meeting of Atlantia SpA's. | February 21, 2023 Atlantia also owns 51% in digital toll payment company Telepass and 15% of Eurotunnel operator Getlink (GETP.PA). Giampiero Massolo, initiated the activities necessary for the implementation of Atlantias post-delisting governance structure. Atlantia SpA is an Italy-based company engaged in toll road and airport management. Mundys SpA (formerly Atlantia SpA) is an Italian holding company active in the motorway and airport infrastructure and mobility-related services industry, operating tolling services in 24 countries, including 11 for motorway and airport infrastructure concessions (France, Italy, Poland, United Kingdom and Spain in Europe and worldwide in Argentina, Brazil, Chile, Colombia, India and Puerto Rico). UPDATE 2-EU Commission tells Rome to explain handling of Atlantia Additionally, pursuant to art. Exclusive news, data and analytics for financial market professionals, Reporting by Francesco Zecchini Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Existing vehicles wouldnt get that upgrade, but the union said they will have other additions like two fans and air vents. The General Meeting resolved to: Atlantia envisages that the intercompany loan will be extinguished pursuant to Article 1253 of the Italian Civil Code, as a result of a trilateral merger expected to be executed during the first half of 2023. Shareholder Yield For Atlantia SpA (ATL) | finbox.com The conglomerate also expected revenues to rise to 7.7 billion euros by 2024. Jun 23, 2023. On 31 May 2021, Atlantia shareholders accounting for around 87% of the share capital represented to the OGM their opinion in favour of the binding offer for Atlantia's 88% stake in ASPI from a consortium of investors headed by the government-owned arm Cassa Depositi e Prestiti (CDP, BBB-/Stable). [13], During the summer of 2017, Atlantia declared the intention to make a tender offer on all the issued shares of Abertis Infraestructuras, and in October 2017 the Comision Nacional del Mercado de Valores authorised this. PDF Letter to stakeholders - annualreport2021.atlantia.com personalising content and ads, providing social media features and to In June 2021, Atlantia sold its 88% stake in ASPI (comprising its largest Italian motorways) to the newly formed Holding Reti Autostradali spa (HRA). Atlantia's latest twelve months shareholder yield is 15.4%. Two Bangladeshi banks including the largest state-owned lender plan to introduce trade transactions in Indian rupees, officials said, as the South Asian nation looks to build up its shrinking foreign exchange reserves. The offer aims to delist Atlantia shares from Milan stock exchange and, we believe, ultimately proceed with a merger or reverse merger so that ATL/BidCo/HoldCo will be become the only entity, and Sintonia and BIP will hold direct stakes in the entity resulting from the merger or reverse merger. Airports that serve people and communities, creating sustainable value. The Teamsters have imposed several deadlines for UPS negotiators to make their "last, best and final" offer to its unionized workers in recent days. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 2003 was marked by a massive reorganisation of the group, the concession activities were separated from non-motorway activities and Autostrade per l'Italia S.p.A., a subsidiary of Autostrade (then Atlantia S.p.A.), was established. Mundys S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2022, Volocopter GmbH announced that it has received funding from a group of investors, 30 M Issued capital 825,783,990.00, fully paid-up Shareholders - Mundys The deal is worth more than 8 billion euros and Atlantia expects to pocket the cash by May. , 8 M Our Climate Action PlanRead the document, Our Sustainability-Linked Financing FrameworkRead the document. Teamsters picket metro Atlanta UPS hub in preparation for possible strike The General Meeting was attended by Atlantia's two shareholders, Schemaquarantadue S.p.A. ("HoldCo") and Schema Alfa S.p.A. ("BidCo", a wholly owned subsidiary of HoldCo), which together hold 100% of Atlantia's share capital. Atlantia's acquisition of Aroports de la Cte dAzur, the company that controls the airports of Nice, Cannes-Mandelieu and Saint Tropez, consolidated the Group's presence in the airport sector. In 2021 the overall motorway traffic was up 21%, the company said in the last annual report. An integrated model. Benetton's holding Edizione owns 33% of Atlantia's shares. the majority shareholder of ADR (Aeroporti di Roma) into Atlantia, was concluded, with the consequent aggregation of a second core business in addition to the motorway concessions. CET Rome, 3 December 2021 The General Meeting of Atlantia S.p.A.s shareholders, chaired by Fabio Cerchiai, was held today in ordinary and extraordinary session. Our Sustainability-Linked Financing Framework Read the document Atlantia SpA (formerly Autostrade) is an Italian holding company active in the infrastructure sector, . offers FT membership to read for free. All rights reserved. In 2013, the merger by incorporation of Gemina S.p.A., the majority shareholder of ADR (Aeroporti di Roma) into Atlantia, was concluded, with the consequent aggregation of a second core business in addition to the motorway concessions. 2358, paragraphs 3 and 5, of the Italian Civil Code was executed on market terms, and will reduce the groups overall financial costs. In January 2003 Newco28 made a tender offer, through a leveraged buyout operation: they found the liquidity necessary for the acquisition using the system credit and, consequently, the debt was transferred from Newco28 to Autostrade, following a merger by incorporation. Press release.pdf. All quotes delayed a minimum of 15 minutes. Reporting by Francesco Zecchini and Francesca Landini; Editing by Keith Weir and Elaine Hardcastle. . [5] History 1950-2000: Foundation and consolidation Our Sustainability-Linked Financing Framework Read the document With regard to sustainability ratings, as of July 2014 Atlantia had a low rating from Standard Ethics Aei of 'E' on a scale of F to EEE[17] Our Climate Action PlanRead the document, Our Sustainability-Linked Financing FrameworkRead the document. Atlantia : Shareholders General Meeting of 28 April 2021 , 24 M Standard Digital includes access to a wealth of global news, analysis and expert opinion. Fitch Revises Rating Watch on Atlantia, ASPI and AdR to Evolving DULUTH, Ga. - United Parcel Service workers are heading to the picket line in metro Atlanta as contract negotiations for better pay and conditions continue to stall. Investors Who Bought Atlantia (BIT:ATL) Shares A Year Ago Are Now Up 12% Tax code, VAT number and Rome Companies' Register no. Sign up here. On the bright side, that's still a gain, and it's actually better than the average . The union has said it will not negotiate past the expiration of the current contract. WHO ARE ATLANTIA'S MAIN SHAREHOLDERS? Executive and administrative office Piazza A. Diaz 2, 20123 Milan The Associated Press contributed to this report. 1023691 Equity Corporate Actions Alert #2023 - 393 Information regarding the Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Union officials said Wednesday that UPS "walked away from the bargaining table after presenting an unacceptable offer," specifically with regard to the economic package. During 2005, a process of geographical diversification began with the acquisition of the management of approximately 2,000km of toll motorways in Brazil, Chile, India, and Poland. This special Bloomberg program highlights the event's biggest interviews and news makers. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Perezs ACS is a co-investor in Abertis. The Company operates through five segments: Italian motorways, Overseas motorways, Italian airports, Overseas airports, and Atlantia and other activities.