Tag Archives: Street

Atlantia investors will meet May 31 on the CDP’s sweet offer for a highway unit | Instant News

MILAN (Reuters) – Atlantia will ask shareholders on May 31 to assess a better bid for a highway unit being made by state investors CDP and its partners, the group controlled by Italy’s Benetton family said late Friday.

FILE PHOTO: Infrastructure group Atlantia logo seen outside their headquarters, in Rome, Italy October 5, 2020. REUTERS / Guglielmo Mangiapane / File Photo

Negotiations between Atlantia and a consortium consisting of CDP, Macquarie and Blackstone are part of a protracted effort to end a dispute over the future of the group’s Autostrade per l’Italia unit after the deadly bridge disaster.

The sweet deals filed on Thursday include ticking fees of up to 230 million euros ($ 276 million), assuming the deal closes between the end of this year and March 2022, according to a report the Atlantia board has prepared for the shareholders’ meeting, published on Saturday. .

Ticking costs raised Autostrade’s bid valuation to 9.3 billion euros from 9.1 billion euros previously.

“It is not far from the lowest range estimated by the council for the entire Autostrade, given that the lowest price of that range is 9.3 billion euros to 9.5 billion euros,” the report said.

Based on opinions provided by financial advisors and depending on the different calculation methods used, the Atlantia board rates Autostrade per l’Italia at between 9.3 billion euros and 11.5 billion euros, the report showed.

The unit’s future has been in doubt since a bridge run by Italy’s leading highway operator collapsed in the city of Genoa in August 2018, killing 43 people.

The consortium bid is the only company option currently on the table as a rival bid by Spain’s ACS is less advanced and presents “significant risks and uncertainties,” Atlantia said in its statement on Friday and in Saturday’s report.

The only real alternative to the sale of shares in Autostrade is to continue with the pending lawsuits, said Atlantia.

The company’s board will decide on the CDP consortium’s bid on June 11, following a shareholder evaluation.

($ 1 = 0.8321 euros)

Reporting by Francesca Landini; Edited by Valentina Za and Mike Harrison


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Karachi: Street criminals loot cell phones, valuables from citizens – Crime | Instant News

Published in 27 April 2021 16:37

Karachi: Street criminals loot cell phones, valuables from citizens

KARACHI (Dunya News) – Street criminals managed to escape after confiscating cell phones and valuables from three people in Nazimabad North, an area in Karachi.

The incident took place near Ship Honor College. CCTV footage of the incident shows the suspect armed with a motorbike roaming the streets. The suspects took cell phones and valuables from three people at gunpoint and fled.

Across the street, a security guard came out and fired into the air. The defendant managed to escape after shooting. No one was injured in the firefight.

The police began searching for the suspect with the help of CCTV.


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Italy’s CDP took no decision on Monday’s Atlantia unit bid – source | Instant News

MILAN, April 26 (Reuters) – Italy’s state lender Cassa Depositi e Prestiti (CDP) has yet to take any decisions on a binding bid for the highway unit Atlantia Autostrade per l’Italia at a council meeting on Monday, two sources with knowledge of the matter . the word.

Italian newspapers reported over the weekend that a consortium of investors led by CDP could change its bid for Autostrade to win support from a majority of Atlantia investors.

The binding offer presented by the CDP together with Macquarie and Blackstone, is based on a valuation of 9.1 billion euros for the entire Autostrade, sources said. (Reporting by Giuseppe Fonte, Francesca Landini and Stephen Jewkes; written by Francesca Landini)


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Karachi Police arrested 779 street criminals, drug dealers in a week | Instant News

KARACHI – Karachi police on Sunday claimed to have arrested as many as 779 street criminals, drug dealers and robbers in separate operations against street crime in Karachi over the past week. According to a statement issued by the Karachi Police Media Cell, more than 779 street criminals, drug dealers and robbers have been arrested from different parts of the city over the past week. Police said that in large quantities of drugs, more than 96 illegal weapons, including ammunition and grenades, were recovered from the arrested street criminals. A total of 42 motorbikes and 4 vehicles were confiscated during the week, police said.

Cases have been registered against the accused who were arrested and they are turned over to the investigating authorities.


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FDSA UGA to host live spring fashion show | Art and culture | Instant News

Georgia University Fashion Design Student Association will take the fashionable streets of New York City to the Classic Center Foundry Pavilion this Thursday, April 22.

In its first face-to-face show since fall 2019, this student-led organization will showcase performances that members have designed, created and imitated. According to Parker Sylvester, president of FDSA and major in marketing and merchandising, the students have been developing their designs since January and are excited to finally show off their hard work.

Club members find inspiration for their appearance from street style, particularly from New York City. Sylvester said that the New York election was deliberate because of its distinctive fashion which cannot be replicated anywhere else.

“Street style is very innovative and is usually where the trend starts, and it differs depending on the city in which you look at it,” said Sylvester. “For our show, we specifically thought about the street styles you would see at New York Fashion Week, such as the bloggers and celebrities who came to the show.”

Morgan Young, senior fashion merchandising major and vice president of FDSA, said that fashion show attendees were ready to adapt to the COVID-19 protocol when planning overall appearances and events. The same safety rules will be adhered to in open-air venues, where masks are still required at all times.

Show attendees have the option of securing their seats on Thursday, April 22 at 18:00 or 20:00. The seats for the show, sponsored by the International Association of Apparel Designers and Southern Executives, are available to book via a link at the organization Instagram page. There is no dress code, but participants always have the option of displaying their style as they see fit.

“A lot of people like to dress up for shows,” said Young. “It’s not mandatory, but we encourage you because it’s a fun event to dress up. Anything goes with fashion, so you can really dress however you like. “

The doors will open 30 minutes before showtime, and FDSA will ask participants to enter through the right side of the Pavillion on Foundry Street.

Young and Sylvester have waited 18 months to put on a live show for FDSA, and like student designers with street-inspired looks, they have to use their creativity and hard work to create a functional, innovative final product. in today’s world.

“[Street style] is avant-garde, but it can also be worn, ”said Young. “You can go over the edge and think of the kind of design that’s very ‘out there’, but it’s not so crazy that you can’t see it every day.”


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