Sintonia entered into an agreement with Aabar Infrastructure

28 Octobre 2010
 (Photo: Sintonia)

Sintonia S.A. informs that today it entered into an agreement with Aabar Infrastructure GmbH to purchase 3.22% of Atlantia's share capital at a price of Euro 16.00 per share, corresponding to a total consideration of Euro 309.6 million. The purchase will be carried out either directly or through Schemaventotto S.p.A., a company wholly owned by Sintonia.
As a result of the purchase, Sintonia's direct and indirect shareholding in Atlantia will increase from 39.025% to 42.245%.
Payment of the purchase price and delivery of the shares will take place on November 5, 2010.
By executing the transaction Sintonia took the opportunity to increase its shareholding in Atlantia at the current market price which does not fully reflect the current value of the company and its growth prospects.