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Atlantia soars on the stock market on maxi dividend and buyback

The company has announced plans for a "new Atlantia" in light of the sale of Aspi - 8 billion euros available for platform growth - 1-2 billion buybacks and new dividend policy expected

Atlantia soars on the stock market on maxi dividend and buyback

Rain of purchases on Atlantia which in today's session, 15 June, flies to the top of the Ftse Mib with an increase of 5,16% to 16,55 euros. Investors' attention was aroused by the company's communications relating to the group's strategic guidelines in the light of the sale of ASPI

“Over the past few months we have worked to design the development guidelines for the new Atlantia which is now proposed as a strategic investment holding company, with a focus on transport infrastructures and global macro-trends, which are revolutionizing the world of mobility", declared Carlo Bertazzo, CEO of Atlantia, adding that "attention to new technologies, the digital world, service quality and sustainability. We will leverage a portfolio of synergistic assets, focusing on innovation as an enabler of integrated services and solutions with high impact and value for users. Our growth model is based – and will also be based in the future – on strategic alliances, of real partnership, which we intend to strengthen and expand".

With the sale of Autostrade per l'Italia to consortium led by Cassa Depositi e PrestitiIndeed, Atlantia will have 8 billion euros available. A figure which, according to what has been announced, will be destined "to the growth and support of the group's platforms, seizing opportunities at an international level in the sectors of motorway and airport concessions, payment systems and mobility services, new investment areas and corporate venture capital with the creation of a fund with a global reach”.

The holding has also made it known that it speculates that it will be able to launch a share repurchase program of 1-2 billion euros and which will build a new one dividend policy, on the basis of which, on the 2021 budget, a coupon of 600 million will be detached. The amount of the dividend, distributed every six months, will grow by 3-5% per year, compatibly with maintaining an investment grade rating.

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