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New Deal


Announced

ASTM offered to acquire Societa Iniziative Autostradali e Servizi for $1.4bn.

Financials

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Transaction Value£1,140m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For38%
EV/Sales-
EV/EBITDA6.5x
Share Price Premium-
One Off Charge-

Tags

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Majority

Italy

Public

Construction Services

Acquisition

Pending

motorway construction

Tender Offer

Friendly

Single Bidder

Synopsis

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ASTM, a motorway management company, offered to acquire Societa Iniziative Autostradali e Servizi, a motorway construction company, for $1.4bn. The main objective of the transaction is establishing a listed industrial holding which, operating as a “One Company” listed on the stock market, with specific capabilities in motorways’ concessions, in construction, in engineering and in technological innovation.

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