Ardian – Acquisition of stake in toll road group in Italy

Ardian Infrastructure Fund IV has acquired a 24% stake in Italy’s second-largest toll road group ASTM. ASTM has a 1,400km network of roads under concession in Italy, as well as joint control of Ecorodovias, which manages more than 2,600 km of roads in Brazil. Ardian has bought the stake from the Gavio family, a Turin-based infrastructure investor.