Atlantia reported its full-year results, with net loss attributed to the owners of €1.2bn, much below our expectations mainly due to higher impairment costs. Atlantia is still awaiting an acceptable offer from CDP or any other bidder for ASPI, in the absence of which it may proceed with the demerger plan. It intends to use the proceeds generated from the former to deleverage, expand its Telepass business and conduct strategic M&As. It proposed no dividend for FY20.
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FY20: exit of ASPI - key focus
- Published:
15 Mar 2021 -
Author:
Sejal Varshney -
Pages:
3
Atlantia reported its full-year results, with net loss attributed to the owners of €1.2bn, much below our expectations mainly due to higher impairment costs. Atlantia is still awaiting an acceptable offer from CDP or any other bidder for ASPI, in the absence of which it may proceed with the demerger plan. It intends to use the proceeds generated from the former to deleverage, expand its Telepass business and conduct strategic M&As. It proposed no dividend for FY20.