Atlantia Saw 10% Italy Traffic Decline Since January
March 30 2012 - 5:56AM
Dow Jones News
Atlantia SpA's (ATL.MI) chairman Friday said traffic flows along
the highways that the toll operator manages in Italy had declined
by 10% since the beginning of the year, according to MF-Dow
Jones.
Fabio Cerchiai told reporters on the margins of an event he
nevertheless expected the trend to ease, reaching a decline of 2%
to 3% for the entire year, as forecast by the toll operator.
Cerchiai also said Atlantia had received more than 10 offers to
buy a stake in its Chilean business, adding that it had entered
into advanced talks.
In February, Atlantia gained complete control of Autostrade Sud
America Srl, a subsidiary in South America, and planned to look for
investors interested in buying stakes in the Chilean business of
the subsidiary. Known as Grupo Costanera, its manages highways in
Chile including one in the capital, Santiago. It cited pension
funds and sovereign wealth funds as having expressed interest in
acquiring up to 49% of the business.
-By Gianluca Fontanella, MF-Dow Jones; Gilles Castonguay, Dow
Jones Newswires; +39 02 5821 9908; gilles.castonguay@dowjones.com;
Twitter: @GRCastonguay
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