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:
History
1928
Foundation of S.A. Autostrada Torino-Milano in order to build up Turin-Milan motorway
1932
October 25th, 1932: inauguration of Turin-Milan motorway
1969
Company listing at Italian Stock Exchange (firstly in Turin stock exchange and the year after in Milan stock exchange)
1977
Gavio Group entered in the toll road sector, buying a minority stake in Turin-Piacenza motorway
1984
Gavio Group bought the first stake in Turin-Milan motorway
2002
Starting the Company re-organization: ASTM concessions spin-off (SALT) and listing of SIAS
2005
Investment in Impregilo with a minority stake (10%) through IGLI and subscription of the capital increase to strengthen the company
2007
Re-organization completed: concentration in SIAS Group of all toll road concessions whilst ASTM became a holding company
2011
IGLI became the major shareholder of Impregilo (30%)
2013
Exit from Impregilo (tendering the shares to Salini voluntary tender bid and €448m cashed in)
2015
Acquisition of Ecorodovias joint control (through IGLI): €476m for the 41% read through
2016
Acquisition of ITINERA control
2015
Majority share-holding acquisition in Halmar International LLC: $60m for the 50% of the Company
2018
Closing ARDIAN deal (27 September 2018): indirect entrance in the shareholding (minority shareholder)
2020
Merger by incorporation of SIAS into ASTM
