Atlantia Says CDP-Consortium's Offer for Autostrade Stake Is Below Expectations
27 February 2021 - 5:19AM
Dow Jones News
By Pietro Lombardi
Atlantia SpA said Friday that the binding offer presented by a
consortium made of CDP Equity SpA, The Blackstone Group
International Partners LLP and Macquarie Infrastructure and Real
Assets Ltd. is below expectations and that "substantial"
improvements are needed.
The Italian group said that the offer for its 88% stake in
Autostrade per l'Italia SpA isn't "consistent with the interests of
Atlantia or its stakeholders as a whole."
Atlantia said that its chairman and chief executive will assess
"the potential for the necessary substantial improvements to the
Consortium offer." As such, the board will hold another meeting to
take a decision.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
February 26, 2021 13:04 ET (18:04 GMT)
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