Atlantia Files Binding Offer for Siemens's Yunex Traffic
06 January 2022 - 6:00PM
Dow Jones News
By Mauro Orru
Atlantia SpA has filed a binding offer to acquire Yunex Traffic,
Siemens AG's intelligent transportation systems business.
The Italian infrastructure operator said late Wednesday that it
was taking part in the competitive process launched by the German
engineering conglomerate following some press reports, but it
didn't disclose financial details of its binding offer.
Atlantia said it would promptly update the market if Siemens was
to accept its bid.
The announcement comes nearly seven months after Atlantia
outlined a plan to invest in highways, airports and mobility
digital payments, as well as intelligent transportation systems
where Yunex Traffic operates.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
January 06, 2022 01:45 ET (06:45 GMT)
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