Previous close | 22.75 |
Open | 22.71 |
Bid | 22.68 x 0 |
Ask | 22.75 x 0 |
Day's range | 22.69 - 22.77 |
52-week range | 14.54 - 23.15 |
Volume | |
Avg. volume | 2,026,496 |
Market cap | 18.595B |
Beta (5Y monthly) | 1.11 |
PE ratio (TTM) | 17.47 |
EPS (TTM) | 1.30 |
Earnings date | 10 Nov 2022 |
Forward dividend & yield | 0.74 (3.26%) |
Ex-dividend date | 23 May 2022 |
1y target est | 21.71 |
MILAN (Reuters) -Italy's Atlantia, whose controlling investor aims to take it private with the help of Blackstone, improved its 2022 guidance and said its CEO would leave by the end of the year, once the group is delisted. The exit of current CEO Carlo Bertazzo and the completion of the takeover promoted by the Benetton family and Blackstone will mark a new phase for Atlantia, which risked going bust following the 2018 collapse of a motorway bridge it ran. Benetton-controlled Atlantia, which has activities spanning from Italy to Spain and South America, also said it posted a 18% year-on-year rise in revenue to 3.3 billion euros ($3.38 billion) in the first half of 2022 driven by a recovery in airport and motorway traffic.
MILAN (Reuters) -Italian holding company Atlantia said on Tuesday it would look for a new chief executive as its owners, the Benetton family, prepare to take the motorway and airport group private together with U.S. fund Blackstone. Atlantia said its board on Aug. 4 would examine a possible financial agreement to part ways with CEO Carlo Bertazzo and would start working to replace him once the accord was finalised. Bertazzo would continue to lead the group in the meantime, Atlantia said.
Alliances and partnerships remain important for the development of companies controlled by the Benettons, the chairman of the family's holding company Edizione said on Sunday, answering a question about the relationship with Spanish tycoon Florentino Perez. "We have to continue this vocation we have always had of respecting local partners with specific skills in the business, this will never change," Alessandro Benetton told Reuters on the sidelines of a business conference. Alessandro, son of Benetton Group founder Luciano, had been asked by Reuters if Perez would remain a partner, despite his role in an attempt by funds Brookfield and GIP to take over infrastructure group Atlantia, in which Edizione holds a controlling stake.