MARUY Marubeni Corp (PK)

   By Joshua Kirby 
 

Atlantia SpA said late Monday that it plans to sell its stake in Portuguese bridge operator Lusoponte to its fellow shareholders after they exercised pre-emption rights on the shares.

Lineas Concessoes De Transportes SA, a subsidiary of Portuguese construction company Mota-Engil SGPS SA, and Vinci SA's highways subsidiary exercised their rights after Atlantia in June agreed on a sale of its stake to a private-investment company, the Italian infrastructure company said. As such, the sale of Atlantia's full stake in Lusoponte, equal to 17.21% of the concessionaire's capital, will instead be to the two shareholders.

The company said the deal will be for the same consideration of 55.7 million euros ($65.6 million) that had been agreed on in June with MM Capital Partners, a subsidiary of Japan's Marubeni Corp.

The deal remains subject to antitrust and other regulatory approvals, Atlantia said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

August 17, 2021 01:43 ET (05:43 GMT)

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