Atlantia has sold a 11.94% stake in Autostrade per l'Italia (Aspi).
6.94% has been sold to a consortium consisting of Allianz Capital Partners, EDF Invest and DIF Infrastructure IV. The other 5% has been sold to the Chinese Silk Road Fund.
Allianz also has the option to acquire a further 2.%% stake by October 31 2018.
Aspi is an Italian company that manages the concessions of certain sections of the Italian highway system. The current from of the company began operating in 2002.
Atlantia was advised by Goldman Sachs, JPMorgan, Credit Suisse and Morgan Stanley.