Atlantia, an Italian holding company, sold a 11.94% stake in Autostrade per l’Italia, which constructs and operates toll paying highways worldwide, to Silk Road Fund and a consortium icluding Allianz Group, EDF Invest and DIF Infrastructure. The price paid by the purchasers implies a total equity value for Autostrade per l’Italia of €15bn. “This transaction not only allows Atlantia to raise funds to finance its overseas expansion, but above all marks the initiation of a solid partnership with leading investors who value Autostrade per l’Italia’s business model and the clarity offered by Italian concession framework,” commented Atlantia’s CEO, Giovanni Castellucci.