Our view is that revoking the Autostrade concession could only take place at a fair price for Atlantia as Italy belongs to the European Union. At AlphaValue, we would welcome a revoking (at a fair price) as it would accelerate the geographical diversification of Atlantia away from Italy. Despite this and in view of the earnings release, we expect little change to our forecasts and, hence, no change in our Buy recommendation.
12 Nov 2019
9m19: the virtue of the Abertis acquisition and we would welcome a revoking of the Autostrade concession
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9m19: the virtue of the Abertis acquisition and we would welcome a revoking of the Autostrade concession
- Published:
12 Nov 2019 -
Author:
Felix Brunotte -
Pages:
3
Our view is that revoking the Autostrade concession could only take place at a fair price for Atlantia as Italy belongs to the European Union. At AlphaValue, we would welcome a revoking (at a fair price) as it would accelerate the geographical diversification of Atlantia away from Italy. Despite this and in view of the earnings release, we expect little change to our forecasts and, hence, no change in our Buy recommendation.