Key Developments: Atlantia SpA (ATL.MI)
12.49EUR
11:30am EDT
€-0.01 (-0.08%)
€12.50
€12.54
€12.65
€12.44
1,500,113
1,973,051
€14.40
€9.03
Latest Key Developments (Source: Significant Developments)
Atlantia SpA and Generale Mobiliare Interessenze Azionarie SpA Update on Conditions Precedent of Merger Plan
Atlantia SpA announced that, together with Generale Mobiliare Interessenze Azionarie SpA (Gemina), they have received consent for the Merger from the groups’ respective creditor banks. As a result, all the conditions precedent set out in the Merger Plan have been fulfilled to date, with the exception of clearance from the Italian Antitrust Authority, which was notified of the transaction on April 12, 2013. The transaction will be submitted for approval by extraordinary general meetings of the shareholders of Atlantia and Gemina to be held (in first call) on April 30, 2013 and by the special general meeting of Gemina’s savings shareholders to be held (in first call) on April 29, 2013. Full Article
Atlantia SpA and Generale Mobiliare Interessenze Azionarie SpA Approve Merger Plan
Atlantia SpA announced that the Directors of Generale Mobiliare Interessenze Azionarie SpA (Gemina SpA or Gemina) and Atlantia SpA (Atlantia) have approved the plan for Gemina’s merger with and into Atlantia (the Merger) and the related preparatory documents. The Merger is aimed at creating an international player in the motorway and airport infrastructure sector. The transaction will involve Gemina’s merger with and into Atlantia based on a share exchange ratio of 1 newly issued ordinary share in Atlantia for every 9 ordinary shares in Gemina and 1 newly issued ordinary share in Atlantia for every 9 of Gemina’s saving shares. There will be no cash payments. The Merger is to be submitted for approval by the extraordinary general meetings of the shareholders of Gemina and Atlantia, which are to be held on April 30, 2013 in first call and on May 15, 2013 in second call, and by the Special General Meeting of the holders of Gemina’s savings shares to be held on April 29, 2013 in first call and May 14, 2013 in second call. The Merger is expected to be completed at the latest within the end of the 2013 fiscal year. Full Article
Atlantia SpA to Propose FY 2012 Dividend Distribution
Atlantia SpA announced that the Board of Directors intends to propose to the Annual General Meeting (AGM) of Autostrade’s shareholders, to be held in first call on April 30, 2013 and, if necessary, in second call on May 15, 2013, payment of a final dividend for fiscal year 2012 of EUR 0.391 per share. The dividend is to be paid from May 23, 2013, whilst the ex-dividend date is May 20, 2013. The final dividend adds to the interim dividend of EUR 0.355 already paid in November 2012, resulting in a total dividend for fiscal year 2012 of EUR 0.746, unchanged with respect to fiscal year 2011. Full Article
Atlantia SpA In Talks On Takeover Generale Mobiliare Interessenze Azionarie SpA-Reuters
Reuters reported that Atlantia SpA is in talks to acquire Generale Mobiliare Interessenze Azionarie SpA or Gemina SpA which controls Rome airport operator ADR. The operation would involve Atlantia buying the 64% of holding company Gemina that Sintonia does not already own, paying in cash or shares, according to the sources. The deal could be announced in the first quarter of 2013. Full Article
Atlantia SpA Comments on Its Bond Offer
Atlantia SpA announced that further to the press release concerning the public offering of the fixed-rate bonds for retail investors, which are guaranteed by Autostrade per l’Italia, Atlantia hereby communicates the final terms of the bonds. In particular, the bonds will pay a nominal annual gross interest rate of 3.625% and will be issued at a price of 99.59% of their nominal value. The annual gross effective yield to maturity is 3.703%, calculated as the sum of a spread of 260 basis points and the six-year mid swap rate. Accrued interests will be paid to investors annually in arrears. The issue date and interest accrual date will be November 30, 2012 and the maturity date will be November 30, 2018. Full Article
Atlantia SpA Announces Closure of EUR 1 Billion Bond Offer
Atlantia SpA announced that Atlantia’s public offering of fixed-rate bonds for retail investors was closed ahead of schedule on November 23, 2012. Atlantia increased the nominal value of the bonds offering to an overall amount of EUR 1 billion and the demand exceeded EUR 2.5 billion. Further to the bonds’ allocation, as described in the prospectus, the overall amount of bonds placed will be EUR 1 billion, which was subscribed by approximately 42,466 investors. In accordance with the prospectus, the final data concerning, among other things, the interest rate, yield, spread, issue date, interest accrual date and the payment date for the bonds will be announced within November 30, 2012 (within five business days from the closure of the offer period). Full Article
Atlantia SpA Increases Bond Issue to EUR 1 Billion and Announces Closure Ahead of Schedule
Atlantia SpA announced that that it has exercised its option to increase the maximum overall nominal value of the bonds offering to EUR 1 billion, as guaranteed by Autostrade per l’Italia and reserved to retail investors. Accordingly, a total of up to 1 million bonds, with a nominal value of EUR 1,000 each, will be issued. Atlantia, moreover, announced that, in agreement with the joint global coordinators and bookrunners for the offering, the offer period will close ahead of schedule on November 23, 2012, following the full placement of the maximum of 1 million bonds. Full Article
Societa Iniziative Autostradali e Servizi SpA's Subsidiary Autostrada dei Fiori SpA Acquires 99.98% Stake in Autostrada Torino Savona SpA from Atlantia SpA's Subsidiary Autostrade per l’Italia SpA
Societa Iniziative Autostradali e Servizi SpA announced that its subsidiary Autostrada dei Fiori SpA (ADF) has completed the acquisition of the 99.98% stake held in Autostrada Torino Savona SpA by Atlantia SpA's subsidiary Autostrade per l’Italia SpA. The overall amount for the transaction was EUR 223 million. Full Article
Atlantia SpA Updates on Bonds Issuance Worth EUR 750 Million for Italian Investors
Atlantia SpA announced that it has received approval for the publication of the prospectus for the public offering of Atlantia TF 2012–2018 guaranteed by Autostrade per l’Italia SpA fixed-rate bonds with a total value of up to EUR 750 million, to be issued by Atlantia SpA to Italian retail investors. This amount may be increased to up to EUR 1.5 billion. The bond issue was approved by Atlantia’s Board of Directors on October 19, 2012. The offer period is from November 19, 2012 to December 7, 2012, unless it is closed early or extended, under the conditions described in the prospectus. The minimum investment into the bonds purchased from distributors is EUR 2,000, equal to two bonds with a par value of EUR 1,000 each, with a minimum additional investment of at least one bond with a par value of EUR 1,000 each. The bonds have a term to maturity of six years (maturing in 2018) and will be redeemed in full at maturity. The bonds will be admitted for trading on the MOT and their price will be published each day in the financial press. Banca IMI, BNP Paribas and UniCredit AG (Milan Branch) are acting as joint global coordinators and bookrunners for the offering. Full Article
Societa Iniziative Autostradali e Servizi SpA's Subsidiary Autostrada dei Fiori SpA to Acquire 99.98% Stake in Autostrada Torino Savona SpA from Atlantia SpA's Subsidiary Autostrade per l’Italia SpA
Societa Iniziative Autostradali e Servizi SpA announced that its subsidiary Autostrada dei Fiori SpA (ADF) has exercised its option to acquire the 99.98% stake held in Autostrada Torino Savona SpA by Atlantia SpA's subsidiary Autostrade per l’Italia SpA. The overall amount for the transaction, which would be finalized by November 15, 2012, subject to the approval by the grantor authority ANAS SpA, has been set at EUR 223 million and is in line with the outcome of a specific appraisal drawn up by an independent expert. Full Article
UPDATE 1-Atlantia near sale of transmission towers -source
* Atlantia says no agreement reached, signed with anyone (Adds source comments, Atlantia comments)
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