Bulletin: Distribution To Mundys SpA From Aeroporti di Roma May Give Parent Resources To Execute On Its Acquisition Strategy - S&P Global Ratings’ Credit Research

Bulletin: Distribution To Mundys SpA From Aeroporti di Roma May Give Parent Resources To Execute On Its Acquisition Strategy

Bulletin: Distribution To Mundys SpA From Aeroporti di Roma May Give Parent Resources To Execute On Its Acquisition Strategy - S&P Global Ratings’ Credit Research
Bulletin: Distribution To Mundys SpA From Aeroporti di Roma May Give Parent Resources To Execute On Its Acquisition Strategy
Published Apr 07, 2025
3 pages (1463 words) — Published Apr 07, 2025
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Abstract:

This report does not constitute a rating action. MADRID (S&P Global Ratings) April 7, 2025--S&P Global Ratings said today that the extraordinary distribution to Mundys SpA from Aeroporti di Roma SpA (AdR) of €748 million in March 2025 may support Mundys? ability to execute on its acquisitive strategy, as to extend the life and the diversification of its portfolio, including through its subsidiary Abertis Infraestructuras S.A. (Abertis). We understand that the extraordinary distribution, which depleted AdR?s distributable reserves (see " Aeroporti di Roma SpA Downgraded To 'BBB-' On Equity Reserves Distribution; Outlook Stable ," published April 7, 2025, on RatingsDirect), is part of a one-off redistribution of funds within the group. Mundys will use €200 million of the extraordinary distribution

  
Brief Excerpt:

...April 7, 2025 This report does not constitute a rating action. MADRID (S&P Global Ratings) April 7, 2025--S&P Global Ratings said today that the extraordinary distribution to Mundys SpA from Aeroporti di Roma SpA (AdR) of 748 million in March 2025 may support Mundys' ability to execute on its acquisitive strategy, as to extend the life and the diversification of its portfolio, including through its subsidiary Abertis Infraestructuras S.A. (Abertis). We understand that the extraordinary distribution, which depleted AdR's distributable reserves (see "Aeroporti di Roma SpA Downgraded To '###-' On Equity Reserves Distribution; Outlook Stable," published April 7, 2025, on RatingsDirect), is part of a one-off redistribution of funds within the group. Mundys will use 200 million of the extraordinary distribution to inject it to Abertis to partially fund the acquisition of a 51.2% stake in the A-63 French toll road (see "Abertis Pursues Acquisitive Strategy Through A63 Amid 2024 Results Close To...

  
Report Type:

Bulletin

Ticker
AUT@IM
Issuer
Mundys SpA
GICS
Highways & Railtracks (20305020)
Sector
Global Issuers
Country
Italy
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Distribution To Mundys SpA From Aeroporti di Roma May Give Parent Resources To Execute On Its Acquisition Strategy" Apr 07, 2025. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Distribution-To-Mundys-SpA-From-Aeroporti-di-Roma-May-Give-Parent-Resources-To-Execute-On-Its-Acquisition-Strategy-3349618>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Distribution To Mundys SpA From Aeroporti di Roma May Give Parent Resources To Execute On Its Acquisition Strategy Apr 07, 2025. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Distribution-To-Mundys-SpA-From-Aeroporti-di-Roma-May-Give-Parent-Resources-To-Execute-On-Its-Acquisition-Strategy-3349618>
  
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