Aleatica to Acquire Majority Stake in Brebemi From Intesa Sanpaolo
29 Junio 2020 - 1:16AM
Noticias Dow Jones
By Kim Richters
Toll operator Aleatica SAU said Friday that it will buy the
majority stake in Societa di Progetto Brebemi SpA from Italian bank
Intesa Sanpaolo SpA.
Aleatica, which is owned by Australian IFM Global Infrastructure
Fund, said that Brebemi operates 62 kilometers of toll road in
Italy, connecting the cities of Milan and Brescia.
It didn't disclose any financial details of the deal, which is
subject to regulatory approvals and expected to close not earlier
than October.
The transaction is the transportation company's first investment
in Italy. It "provides Aleatica with a highly strategic asset and a
strong position to participate in further infrastructure investment
opportunities in Italy over time," Aleatica said in a
statement.
Intesa Sanpaolo said late Friday that the deal was part of its
strategy to dispose nonstrategic equity investments.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
June 29, 2020 02:01 ET (06:01 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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