Announced

Aleatica to acquire a 55.8% stake in Autostrade Lombarde and Brebemi from Intesa Sanpaolo.

Synopsis

Aleatica, an infrastructure construction services provider, agreed to acquire a 55.8% stake in Societa di Progetto Brebemi and its parent firm Autostrade Lombarde, a developer of roads and bridges from Intesa Sanpaolo, an Italian banking group. Financial terms were not disclosed. "We are particularly pleased with the choice made by our majority shareholder Intesa Sanpaolo which, after having played a critical and fundamental role in the creation, construction and start‐up of the infrastructure. We are happy to welcome them to our company and our country as an investor and strategic operator focusing on the long term, with significant experience in the development and management of motorways around the world. This investment comes at a time that is not easy for Italy (and in general at the global level) and represents a strong sign of confidence not only in Brebemi but also in the Lombardy economy,” Francesco Bettoni, Autostrade Lombarde and Brebemi President.

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