A consortium consisting of CDP Equity, Blackstone Infrastructure Partners and Macquarie Asset Management has agreed to acquire a 88 percent interest in Autostrade per l’Italia (ASPI), one of Europe’s largest toll road operators, from Atlantia.
ASPI manages more than 3,000 kilometers (1,864 miles) of toll roads across Italy under long-term concessions granted by the Italian state. ASPI and its subsidiaries are responsible for the development, maintenance and management of motorways on a network that stretches throughout Italy and represents half of the country’s tolled motorway system.
The acquisition will be carried out through Holding Reti Autostradali (HRA), a newly established vehicle owned by CDP Equity (51 percent), Blackstone Infrastructure Partners (24.5 percent) and funds managed by Macquarie Asset Management (24.5 percent).
The acquisition is expected to reach completion in the following months.