History
ASTM boasts a long history that has seen it as a protagonist since the beginning of the last century, and which today ranks it among the largest Italian industrial groups.
Following are the stages of the Company’s growth path:
ASTM boasts a long history that has seen it as a protagonist since the beginning of the last century, and which today ranks it among the largest Italian industrial groups.
Following are the stages of the Company’s growth path:
Foundation of S.A. Autostrada Torino-Milano in order to build up Turin-Milan motorway
October 25th, 1932: inauguration of Turin-Milan motorway
Company listing at Italian Stock Exchange (firstly in Turin stock exchange and the year after in Milan stock exchange)
Gavio Group entered in the toll road sector, buying a minority stake in Turin-Piacenza motorway
Gavio Group bought the first stake in Turin-Milan motorway
Starting the Company re-organization: ASTM concessions spin-off (SALT) and listing of SIAS
Investment in Impregilo with a minority stake (10%) through IGLI and subscription of the capital increase to strengthen the company
Re-organization completed: concentration in SIAS Group of all toll road concessions whilst ASTM became a holding company
IGLI became the major shareholder of Impregilo (30%)
Exit from Impregilo (tendering the shares to Salini voluntary tender bid and €448m cashed in)
Acquisition of Ecorodovias joint control (through IGLI): €476m for the 41% read through
Acquisition of ITINERA control
Majority share-holding acquisition in Halmar International LLC: $60m for the 50% of the Company
Closing ARDIAN deal (27 September 2018): indirect entrance in the shareholding (minority shareholder)
Merger by incorporation of SIAS into ASTM