Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

The Commission received notification of a proposed concentration, pursuant to Article 4 of Council Regulation (EC) No. 139/2004, whereby CDP Equity S.p.A. ("CDPE"), funds advised or managed by affiliates of Macquarie Group Limited and funds advised or managed by affiliates of Blackstone Inc. ("Blackstone") will acquire, through Holding Reti Autostradali S.p.A., joint control over Autostrade per l'Italia S.p.A. ("ASPI"). The concentration will be implemented by means of a transfer of shares from Atlantia S.p.A. to Holding Reti Autostradali pursuant to the terms and conditions of the share purchase agreement signed on 11 June 2021.

The business activities of the undertakings concerned are:

(a) CDPE: CDPE is a patient long-term investor and acts according to market logic. CDP Equity invests in companies of significant national Italian interest, through direct and indirect shareholdings. It provides capital for the long-term development of organisations in key sectors in order to promote innovation in technologies and infrastructure which are essential to grow the country system. Through investments in funds and funds of funds, it supports the Italian business ecosystem. It is also a leading investor in alternative assets. CDPE is a whollyowned subsidiary of Cassa Depositi e Prestiti S.p.A. ("CDP") which is a jointstock company and the parent company of the CDP Group. The majority shareholder of CDP is the Italian Ministry of Economy and Finance. CDP's main activities include providing financing, also through postal savings, to public entities and projects promoted by these entities; acquiring equity investments in companies of major national interest; financing of works, facilities, networks and infrastructure for the provision of public services.

(b) Macquarie: Macquarie Group Limited is an Australian company and parent company of the Macquarie Group, a global investment, banking and financial services provider.

(c) Blackstone: Blackstone is a global alternative asset manager. It is headquartered in the United States and has offices in Europe and Asia.

(d) ASPI: is a company incorporated under Italian Law and a toll road operators, managing more than 3,000 kilometres of toll roads across Italy under long-term concessions granted by the Italian State. ASPI and its subsidiaries are responsible for the development, maintenance and management of motorways on a network which stretches throughout Italy and represents approximately half of the country’s tolled motorway system, with approximately 4 million travelers per day.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.