History

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:

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)

quis accumsan leo. venenatis tempus et, quis, neque. efficitur.