Atlantia
Mr. Tiziano Ceccarani (Chief Financial Officer)
Fernandino Ribas (Investor Relations Mang.)
Summary
Atlantia SpA, through its subsidiaries, engages in the construction and operation of motorways, airports and transport infrastructure, parking areas, and intermodal systems worldwide. It operates and manages approximately 13,000 kilometers of toll motorways. The company manages, maintains, constructs, and widens related motorways operated under concession; and provides support for the Italian motorway operators. It also operates and expands Rome's Fiumicino and Ciampino airports; and operates the airports of Nice, Cannes-Mandelieu, and Saint-Tropez. In addition, the company engages in the design, project management, controlling, and maintenance of road and airport infrastructures; and operation of toll payment systems, as well as provides assistance and toll management services. Further, it operates free-flow tolling systems, traffic and transport management systems, and electronic payment systems. Additionally, the company offers insurance brokerage, as well as engineering services. Atlantia SpA was incorporated in 1950 and is headquartered in Rome, Italy.
History
Founded in 1950 as Autostrade, 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.
By the first agreement between ANAS signed in 1956, the companies were committed in co-financing, building and managing the Autostrada Del Sole, between Milan and Naples, inaugurated in 1964. Between 1962 and 1968, the Company was granted the concession for the construction and operation of other motorways. In 1982 it was acquired by Italstat and in 1987 Autostrade Concessioni e Costruzioni S.p.A. was listed on Borsa Valori of Milan.
In 1999, the Autostrade company was privatized. The consortium led by Schemaventotto S.p.A. and another one pulled by the Australian bank Macquarie, who retreated at last, were the other groups in the line.
With the 30% of the capital, Schemaventotto S.p.A. takes over the IRI Group, which was the reference shareholder. 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.
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.
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 , was established.
During 2005, a process of geographical diversification began with the acquisition of the management of approximately 2,000 km of toll motorways in Brazil, Chile, India, and Poland. In 2007, the Board of Directors approved the change of name into Atlantia S.p.A.In 2013, the merger by incorporation of Gemina S.p.A., the majority shareholder of ADR into Atlantia, was concluded, with the consequent aggregation of a second core business in addition to the motorway concessions. Atlantia's acquisition of Aéroports de la Côte d’Azur, the company that controls the airports of Nice, Cannes-Mandelieu and Saint Tropez, consolidated the Group's presence in the airport sector.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. Just over a week later the Hochtief – Acs Group launched a bid against the tender offer to acquire the Spanish company. In March 2018 Atlantia and Hochtief-Acs reached an agreement for a joint offer for the control of Abertis, which was finalised in October 2018.
In March 2018 Atlantia S.p.A. bought 15.49% of Getlink, the company that controls the Channel Tunnel.As of December 2019, Atlantia had an EBITDA of 5.7 billions euros, financial debts for 36.7 bln and net profits for 136 million euros .In June 2021, Atlantia sold its 88% stake in ASPI to the newly formed Holding Reti Autostradali spa .
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
within the SE Italian Index. 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.
Mission
Atlanta's Mission is to develop growth and financial initiatives in the infrastructure sector
Key Team
Ms. Claudia Ricchetti (Gen. Counsel & Company Sec.)
Mr. Massimo Sonego (Chief Strategy & Corp. Devel. Officer)
Mr. Nicola Pela (Human Capital & Organization Director)
Mr. Roberto Mengucci (Exec. VP & Highway Bus. Coordination Director)
Ms. Katia Riva (Chief Sustainability & Innovation Officer)
Ms. Enrica Marra (Chief Risk Officer)
Mr. Gabriele Benedetto (CEO of TELEPASS S.p.A.)
References
https://en.wikipedia.org/wiki/Atlantia_(company)
https://www.crunchbase.com/organization/atlantia-s-p-a
https://sec.report/CIK/0001437775
https://finance.yahoo.com/quote/atl.mi/
https://www.comparably.com/blog/importance-company-mission-vision-values/
https://companiesmarketcap.com/largest-companies-by-revenue/
Mr. Tiziano Ceccarani (Chief Financial Officer)
Fernandino Ribas (Investor Relations Mang.)