Shearman & Sterling represented Aabar Infrastructure GmbH, a company wholly owned by Aabar Investments PJSC of Abu Dhabi, in the sale of its 3.2% interest in Atlantia S.p.A. to Schemaventotto S.p.A. a subsidiary of Edizione S.r.l., the financial holding of the Benetton family for a consideration of approximately EUR 309 million. The closing of the transaction took place on November 5, 2010.
Atlantia is the holding company of Autostrade per l’Italia, Italy’s largest motorway builder and operator. Atlantia’s shares are traded on the Milan Stock Exchange.
The Benetton group is one of the main financial and industrial conglomerates in Italy, with interests in fashion (Benetton), motorways (Autostrade, through Atlantia), food (Autogrill) and significant stakes in financial institutions and media and publishing companies.
The Shearman & Sterling team advising Aabar included partners Fabio Fauceglia (M&A-Milan) and Patrick Clancy (European Finance-London) and associate Tommaso Tosi (M&A-Milan).
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