If the Italians are upset about the highest tolls in Europe, then this criticism of the “men of the highways” especially by far the largest operator in the country, the company Blank October 2018 Calendar ‘Italia. This belongs to the Atlantia Group, which in turn is controlled by the clothing dynasty Benetton. Because of the collapse of the Morandi Bridge, the company is now suddenly in the center of interest, because it is responsible for about 40% of the Italian motorway network. 2018 October Calendar Printable
Atlantis titles crash abdba. After the threatened concession withdrawal for Autostrade, the titles of the parent company Atlantia recorded a loss of over 26% before the stock market drastically lower. The Benetton family also wrote a statement assuring them to do their utmost to find out the truth about the accident in Genoa.
Italy’s Deputy Prime Minister Luigi Di Maio threatened in a radio interview on Thursday with a nationalization of motorways. Atlantia shares break a course in Bloomberg Chartmaker – Chart: syc Expansion in South America and at airports The roots of Atlantia go back to the year 1950, when a company for the construction of a motorway was founded.
1964, the “Autostr ada del Sole” between Milan and Naples was inaugurated, more routes followed. In 1999, the company was privatized and the Benetton family rose via its holding company Edizione (or its subholding Sintonia) as an anchor shareholder with 30 percent. Since then, the Group has further diversified: on the one hand geographically with an expansion to Latin.
America (Brazil, Chile) and India and Poland, on the other hand as operator of airports (Rome, Nice, Cannes and St-Tropez) and with a participation in Euro tunnel. A reconstruction of events in Genoa Manuela Nyffenegger 15.8.2018, 18: 49A toll station near Barcelona.
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After the takeover of the Spanish competitor Abertis also the money flows from here to the cashier of the Italians. (Albert Gea / Reuters) In March, Atlantia also agreed on a merger with Spanish competitor Abertis in a complex deal on the second attempt. As before, tolls are by far the largest source of revenue for the Group.
Of the nearly € 7 billion in revenue in 2017, 70% comes from these charges. Atlantia has increased earnings and profitability in recent years and has increased the distribution to its shareholders. Damocleslaw concession withdrawal Giovanni Castellucci, chief of Atlantia.
In simplified terms, the business model of a motorway operator works as follows: The company has the right to a part of the toll revenue for a certain period of time on a certain route. In return, it must provide for the maintenance of this section. An operator therefore has an interest in keeping his expenses as low as possible, so that more of the toll revenue remains for him at the end of the year.
Of course, he must also meet certain requirements, and also always depends Damocles schwert a concession withdrawal on the company. Now, however, have the private Italian motorway operators in the pass benefits from a generous policy – for example, in the extension of concessions. But also in the award of contracts for the construction and maintenance of roads, the operators can strike a large part without public tender their own subsidiaries. At Blank October 2018 Calendar , for example, this is the company Pavimental.