TCI sees Autostrade valuation between 11-12 billion euros-partner

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“I believe the valuation of ASPI is between 11 and 12 billion euros pre-money equity value,” Jonathan Amouyal, a partner at TCI Advisory Services, told Reuters.

TCI has submitted a complaint to the European Commission over “illegitimate expropriation” by the Italian government of ASPI, which will come under the control of state lender Cassa Depositi e Prestiti under a deal reached this month.

“What we want is a fair process and a fair price,” Amouyal said. “What we don’t want is that Italy not respect the rule of law.”