Highways & Rail Tracks

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Hubei Chutian Expressway terminates share issuance for equity acquisition

Tuesday, 24 Mar 2015 08:00pm EDT

Hubei Chutian Expressway Co Ltd:Terminated the acquisition of 100 pct stake in a Wuhan-based technology company through share issuance.

Atlantia SpA its unit Autostrade per l’Italia to raise its stake in Autostrada Tirrenica to 99.93 pct

Thursday, 26 Feb 2015 03:21am EST

Atlantia SpA:Its Autostrade per l’Italia agrees with Banca Monte Paschi di Siena SpA, Societa Autostrada Ligure Toscana SpA (SIAS Group), Holcoa1, Vianco SpA to acquire a further 74.95 pct stake in Autostrada Tirrenica SpA thus raising its total interest to 99.93 pct.Autostrade per l’Italia already owns 24.98 pct of Autostrada Tirrenica SpA (SAT).The cost of transaction is about 84 million euros.Vianco SpA is 100 pct-owned by Vianini Lavori SpA Caltagirone Group.SAT holds the concession for the A12 Livorno–Civitavecchia motorway.The purchase is expected to complete within the first half of 2015.


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