Announced
Completed
Financials
Tags
Public
Italy
Construction Services
Single Bidder
motorway construction
Friendly
Acquisition
Majority
Private Equity
Completed
Cross Border
Synopsis
Nuova Argo Finanziaria, an investment company controlled by the Gavio family and private equity firm Ardian, completed the acquisition of 47% stake in ASTM, a motorway construction company, for €1.7bn. More in detail, the ASTM note explains that “through the offer and the delisting, the offeror intends to make possible a reorganization of the issuer aimed at further strengthening, an operation more easily prosecuted in the unlisted status”.
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