Rome, December 30, 2008—Corporate Partecipazioni S.r.l., a company controlled by UniCredit through UniCredit Corporate Banking S.p.A., has sold its interest in Atlantia S.p.A., equal to approximately 3.3% of the share capital, to Sopela Beteiligungsverwaltungs GmbH, a company wholly owned and controlled by AABAR Investment Company PJSC of Abu Dhabi, for a total value of approximately €248 million. The disposal generates a net capital gain at consolidated level of approximately €157 million.
UniCredit is one of the world’s top-ten banking groups with 10,000 branches in 50 countries. Atlantia is an Italian holding company which is publicly traded on the Milan Stock Exchange and is a constituent of the S&P/MIB index. Its primary asset is Autostrade per l’Italia, Italy’s largest toll motorway builder and operator.
Sherman & Sterling represented AABAR in this transaction. The team advising AABAR included Rome-based M&A partners Domenico Fanuele, Fabio Fauceglia and Tobia Croff, along with associates Malcolm McKinnon, Andrea De Pieri and Francesco Liberatori.