Autostrade per l’Italia was sold to Cassa Depositi e Prestiti for €8.2 billion

On May 5, the holding company Atlantia, whose main shareholder is the Benetton family, concluded the sale of Autostrade per l’Italia to Cassa Depositi e Prestiti, the financial company controlled by the Ministry of Economy with an 83% stake. Cassa Depositi e Prestiti has acquired 88.06% of the share capital of Autostrade in l’Italia, in a consortium with Blackstone Funds and Macquarie Asset Management. The cost of the operation was about 8.2 billion euros in total.

The sale was already approved last June, but the official outcome of the deal was missing. Negotiations for the sale of shares of Autostrade per l’Italia held by Atlantia to Cassa Depositi e Prestiti began in July 2020 after an agreement reached by the then government led by Giuseppe Conte.

The agreement was strongly supported by the 5 Star Movement, which, after the collapse of the Morandi Bridge in Genoa in 2018, pledged to revoke Autostrade per l’Italia’s motorway concessions, driving the Benetton family out, accused of neglect and lack of controls. Despite the agreement reached in July, negotiations between Atlantia and Cassa Depositi e Prestiti proceeded slowly, mainly due to discussions about the total amount that the latter would have to pay.

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