(Alliance News) - Autostrade Meridionali Spa announced Thursday that the board of directors positively evaluated the company's voluntary liquidation and the partial distribution of the extraordinary reserve for about EUR30 million.

The decision, the document says, "was made following the takeover from April 2022 of the new concessionaire in the management activities of the Naples-Pompei-Salerno freeway section, having substantially settled the items arising from the previous management of the freeway section and in the absence of further business opportunities."

The board then instructed the CEO to instruct and bring to the February 21 board meeting, at the same time as the approval of the draft 2023 budget, the relevant proposals for the ordinary and extraordinary shareholders' meeting.

Autostrade Meridionali also specifies in the statement that on Nov. 17 it collected EUR27 million as partial payment of the outstanding receivable from the grantor.

Autostrade Meridionali's stock on Thursday closed up 0.9 percent at EUR21.60 per share.

By Chiara Bruschi, Alliance News reporter

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