Asam Says CDC Expressed Interest in Milan Highway Operator
Caisse des Depots et Consignations and Marguerite funds have expressed interest in investing in Milano Serravalle - Milano Tangenziale SpA, according to Asam Spa, which is selling its stake in the highway operator.
Italian and international road managers have also expressed interest, Carmen Zizza, head of investor relations at Asam, said at a presentation in Paris today. Asam, based in Milan, is selling its 82 percent stake in Milano Serravalle, the operator of highways near the Italian city.
The buyer will probably include a toll-road operator in its investment group, said Zizza, who is in charge of the privatization of the Italian highway operator. The tender’s minimum price is 657.8 million euros ($836 million), and bids are due Nov. 26. Rothschild is running the tender, she said.
CDC, a French government-owned financial institution based in Paris, is part of Marguerite, an infrastructure fund established with the backing of six European banks, according to its website.
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