Atlantia sees 2013 core earnings over 2.9 bln euros after Gemina merger
MILAN, April 16
MILAN, April 16 (Reuters) - Italian motorway group Atlantia said on Tuesday it expected to post core earnings of more than 2.9 billion euros in 2013 ($3.79 billion) following its merger with Gemina, the holding company that runs Rome's airports.
Atlantia agreed in March to buy Gemina in an all-share deal to create one of the biggest European motorway and airport groups with businesses in Italy and Latin America.
The new group will have a market value of over 10 billion euros ($13 billion) and be controlled by Italy's prominent Benetton family through its infrastructure holding Sintonia.
The merger will be voted on by shareholders at general meetings on April 30.
($1 = 0.7643 euros) (Reporting By Stephen Jewkes)
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Pope Francis named Time's Person of the Year |
- Uruguay becomes first country to legalize marijuana trade
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls