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Mundys Strengthens Its Strategic Position in Getlink
* Acquisition of up to 9.5% of Getlink’s share capital and achievement of up
to 29.9% of voting rights
Regulatory News:
Mundys today announces that it strengthens its strategic position in Getlink
with the acquisition(1) of up to 9.5% of Getlink share capital. 3.5% of
Getlink’s share capital will be acquired upfront, with the ability for
Mundys to acquire up to an additional 6.0% conditional upon Mundys receiving
the required regulatory approval, expected by April 2026(2).
As a result of acquiring 3.5% of Getlink’s shares, Mundys will hold 19.0% of
Getlink’s share capital and up to 24.9% of its voting rights(3) confirming
itself as one of the main shareholders of the company. Should the required
regulatory approval be obtained, Mundys will have the ability to increase its
shareholding in Getlink up to 25.0% of the share capital and a maximum of
29.9% of the voting rights(4).
The transaction further confirms Mundys’ commitment, initiated in 2018, to
support Getlink, its management, its employees and its long-term strategy. The
acquisition is also in line with Mundys’ strategy to strengthen its
investments in France, a major European country in which the company firmly
believes and where it has been operating in the infrastructure sector for more
than ten years, through a collaborative approach with local stakeholders and
institutions.
Mundys may further increase its stake depending on market conditions and has
no intention to take control or to request the nomination of additional board
members.
****
The Mundys Group, controlled by Edizione with Blackstone as its second-largest
shareholder, manages motorway and airport concessions and provides mobility
services. The Group operates in 24 countries, with France representing the
most significant market for Mundys with 28% EBITDA contribution in 2025 over
consolidated results. In terms of employment, approximately 6,000 people work
for the Group in the country. Since it began operating in the country, Mundys
has invested ca. €11 billion in French infrastructure assets. In addition to
Getlink, the Group’s assets in France include the SANEF, SAPN and A63
motorway concessions (managed through Abertis), as well as Aéroports de la
Côte d’Azur (ACA), which operates Nice Airport, the second busiest airport
in France. The Group operates in line with a strategic approach strongly
focused on sustainability, driven by a Climate Action Plan. Sustainability
objectives are measured and certified, reinforcing the Group’s commitment to
achieving climate neutrality by 2040.
Mundys S.p.A. is an Italian Issuer of notes under its €5,000,000,000 Euro
Medium Term Note Programme (the “Notes”) which are admitted to the
regulated market of the Irish Stock Exchange plc, trading as Euronext Dublin
and to trading on its regulated market.
This announcement is released by the Issuer and contains inside information as
defined in Article 7 of the Market Abuse Regulation (EU) 596/2014 (“Market
Abuse Regulation”) and is disclosed in accordance with the Issuer’s
obligations under Article 17 of the Market Abuse Regulation.
For the purposes of MAR and Article 2 of Commission Implementing Regulation
(EU) 2016/1055, this announcement is made by Mr. Tiziano Ceccarani, Chief
Financial Officer of Mundys S.p.A.
_________________________
(1) Through its wholly-owned subsidiary Aero 1 Global & International S.à
r.l., a société à responsabilité limitée owner of 15.5% of Getlink’s
share capital and organized under the laws of the Grand-Duchy of Luxembourg,
whose registered office is located at 9, rue de Bitbourg, L-1273 Luxembourg,
Grand-Duchy of Luxembourg (“Aero 1”).
(2) This acquisition of 3.5% of Getlink’s share capital will result from the
transfer of shares by the investment service providers with which Aero 1 has
entered into total return swap agreements on the date hereof; such transfer of
shares will occur after the conversion of shares into bearer form, as will be
instructed by Aero 1 on the date hereof and described in footnote 3; the
ability for Aero 1 to acquire a second tranche of shares up to 6.0% of
Getlink’s share capital is conditional upon clearance by the UK Government
under the National Security and Investment Act 2021.
(3) Estimation based (i) on the 550,000,000 shares and 699,916,029 voting
rights as published by Getlink on 11 March 2026 and (ii) taking into account
the switch to single voting right of some of the shares owned by Aero 1 and
other conversions already disclosed to the market. As the acquisition of 3.5%
of Getlink’s shares is subject to such switch, Aero 1 will maintain its
voting rights below 25% (although due to certain assimilation rules applicable
under French stock market law, a synthetic 25% voting rights threshold is
temporarily crossed until the conversion to bearer form becomes effective).
(4) See footnote 3. As a result, Aero 1 will maintain its voting rights below
30%.
Investor Relations
e-mail: investor.relations@mundys.com (mailto:investor.relations@mundys.com)
Media Relations
e-mail: media.relations@mundys.com (mailto:media.relations@mundys.com)
www.mundys.com
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