13 May 2024 ASTM Group takes control of Tangenziale Esterna Milano
ASTM Group takes control of Tangenziale Esterna di Milano. The company signed an agreement with Autostrade per l’Italia to purchase the shares it holds in Tangenziali Esterne di Milano S.p.A. (TEM) and Tangenziale Esterna S.p.A. (TE) and exercising its right of first refusal on Pizzarotti’s shares in Tangenziale Esterna Sp.A.
The transaction strengthens ASTM’s presence in the Milan metropolitan area and the Lombardy region, one of the most industrialized areas in Europe, with the goal of becoming the increasingly important point of reference for the regional mobility system.
Tangenziale Esterna is a 32-kilometer toll motorway that serves as a vital link between the main road axes in Lombardy, such as the A1 Milano-Napoli Motorway, the A4 Torino-Trieste Motorway and the A35 Brebemi Brescia-Bergamo-Milano Motorway.
Closing of the transaction is expected upon obtaining all necessary authorizations.
For more details read the press release.
Don’t miss our news
