de cotation: Italian
called S.A. Autostrada Torino–Milano) was incorporated on 28 November
with the purpose of building a motorway between the cities of Turin and
Milan. On 30 November 1929, a ministerial convention was stipulated
its construction and operation. The motorway, completed after 30 months
of work, was inaugurated on 25 October 1932.
company was admitted
for listing on the Turin Stock Exchange on 19 June 1969 and was
listed on the Milan Exchange on 25 February 1970.
the company has significantly extended its network over the years.
February 2002, the
split–up of ASTM S.p.A. resulted in the formation of SIAS — Società
Iniziative Autostradali e Servizi S.p.A., also listed on the stock
which controls a series of concession operators located primarily along
the Tyrrhenian corridor.
January 2004, ASTM
S.p.A. contributed to Società Autostrada Torino–Alessandria–Piacenza
S.p.A. (99.50% subsidiary) a business unit having as its primary object
the management of the assets, liabilities and legal relationships
conducted directly by ASTM S.p.A. in the motorway concession sector, as
well as the concession for the Turin–Milan motorway section.
result of that reorganization,
ASTM S.p.A. currently acts as an industrial holding company in the
sector, operating some 500 kms of the Italian motorway network in the
quadrant of the peninsula through its subsidiaries SATAP S.p.A., SAV
and ATIVA S.p.A.; another 500 kms of motorway network are operated by
company SIAS S.p.A.