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Atlantia, sale of stake in ASPI: early-bird period concluded, with holders of ASPI’s bonds guaranteed by Atlantia issuing voting instructions in favour of change of control and release of guarantees

05 November 2021

CET 18.36 Rome, 5 November 2021 – Following on from the press release of 20 October 2021, regarding the launch of a consent solicitation exercise to obtain consent from the holders of bonds issued by Autostrade per l’Italia (“ASPI”) and guaranteed by Atlantia for a change of control to the Consortium consisting of CDP Equity, The Blackstone Group International Partners and Macquarie European Infrastructure Fund 6 SCSp (the “Consortium”) and release of the guarantees provided by Atlantia (the “waivers and/or consents”), Atlantia announces that the early-bird period has come to a conclusion and that a majority of the holders of each of the bonds involved in the transaction have
issued voting instructions in favor of the related requested changes to bonds regulations. 

It should be noted that the voting instructions received may be revoked until 19 November 2021 and that the related bondholders’ meetings are scheduled for 22 November 2021. 

Approval from ASPI’s lenders for the waivers and/or consents at the above meetings, together with the consents relating to other borrowings, which have largely been obtained, represents one of the conditions precedent included in the agreement between Atlantia and the Consortium for the sale of Atlantia’s entire stake in ASPI. 

The final deadline for fulfilment of the conditions precedent (the “Long Stop Date”) is 31 March 2022, unless otherwise extended until 30 June 2022 by agreement between Atlantia and the Consortium. 

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