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)
- Search planes scour sea for missing Malaysian jetliner |
- Timeline: Malaysia Airlines flight to Beijing missing in Asia
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Exclusive: Malaysia plane probe narrows on mid-air disintegration - source
- Mexico kills drug kingpin reported dead years ago: official