Building Mogul Mulls Autostrade Bid
Italian building mogul, Carlo Pesenti, is reportedly considering a bid for Autostrade per l’Italia, a motorway operator, valued at €20 billion. The bid is said to be part of a consortium with other investors, including the Abu Dhabi Investment Authority.
Autostrade per l’Italia
Autostrade per l’Italia is a motorway operator that operates and maintains the Italian motorway network. It is owned by Atlantia, a holding company controlled by the Benetton family. The company has been in the news recently due to its involvement in the 2018 Genoa bridge collapse, which resulted in 43 deaths.
Carlo Pesenti
Carlo Pesenti is an Italian businessman and the chairman of Italcementi, a cement and building materials company. He is also the chairman of the Pesenti Group, a holding company that owns Italcementi and other companies in the construction and engineering sectors.
The Consortium
The consortium that Pesenti is reportedly part of includes the Abu Dhabi Investment Authority, a sovereign wealth fund owned by the government of Abu Dhabi. The consortium is said to be considering a bid for Autostrade per l’Italia that would value the company at €20 billion.
The Bid
The bid is said to be part of a plan to break up Autostrade per l’Italia and sell off its assets. The consortium is reportedly considering selling off the company’s motorway network, as well as its toll collection business. The bid is also said to include a plan to invest in the company’s infrastructure.
The Reaction
The news of the potential bid has been met with mixed reactions. Some have welcomed the potential investment, while others have expressed concern about the potential break-up of the company. The Italian government has also expressed concern about the potential sale, as it is the largest shareholder in Atlantia, the parent company of Autostrade per l’Italia.
The Future of Autostrade per l’Italia
It remains to be seen what will happen with Autostrade per l’Italia. The company is currently in the process of restructuring its debt, and the potential bid from the consortium could be a way to help the company move forward. However, the Italian government has expressed its concern about the potential sale, and it is unclear if the bid will be accepted.