Atlantia , the Italian infrastructure group, said on Saturday it has agreed to sell a minority stake in Telepass to transform the toll-road payment unit into a pan-European multi-service platform for consumers and businesses.
FILE PHOTO: The logo of an infrastructure group Atlantia is seen outside their headquarters, in Rome, Italy October 5, 2020. REUTERS/Guglielmo Mangiapane, the Italian infrastructure group, said on Saturday it has agreed to sell a minority stake in Telepass to transform the toll-road payment unit into a pan-European multi-service platform for consumers and businesses.for 1.06 billion euros , Atlantia said in a statement.
The two companies will work together to develop the business with a focus on the consolidation of the Electronic Tolling Collection market, Atlantia added. With 7 million customers and over 12 million devices, Telepass manages transactions worth 7 billion euros a year across 14 European countries, covering over 105,000 kilometres of motorway networks.
Atlantia, which owns 88% of motorway company Autostrade per l’Italia, entered exclusive talks with Partners Group in August. The deal requires regulatory approval which is expected in the first half of 2021, the company said.Reporting by Gianluca Semeraro; Editing by Mike Harrison
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
BioMed valued at $14.6 billion in deal for sale from one Blackstone fund to anotherBlackstone Real Estate Partners and co-investors have agreed to sell BioMed Realty for $14.6 billion to a group led by existing BioMed investors, Blackstone Group Inc said on Thursday.
Weiterlesen »
Nestle kicks off $5 billion sale of Pure Life, other water brands, sources sayNestle has kicked off the sale of its North American water brands including Pure Life and Poland Spring, according to four sources familiar with the matter, as the world's largest food group continues to exit slow-growth businesses.
Weiterlesen »
Can Prop. 16 boost California's Latino-, Black-, Asian- and women-owned companies?Billions of dollars are at stake as California voters decide whether to overturn a ban on affirmative action for government contracting.
Weiterlesen »
Purchase Dawoud Bey and Cindy Sherman Prints, Fight Voter SuppressionBrowse works by Rosalind Fox Solomon, Katy Grannan, and more at the States of Change art sale, which raises money for local groups in five swing states.
Weiterlesen »
Santos parts ways with Robinho as controversy over rape verdict growsSantos suspend its deal with Brazilian footballer Robinho after sponsors threatened to cut ties with the club for signing a player convicted of rape
Weiterlesen »
Expect a ‘dramatic fall’ in markets if U.S. election outcome is contested, warns Mark MobiusThe founding partner of Mobius Capital Partners said markets 'hate' uncertainty, and how much markets fall would depend on how long the election dispute lasts.
Weiterlesen »