Atlantia Rejects Offer for Autostrade, Extends Deadline for New Offer
29 Octubre 2020 - 3:03AM
Noticias Dow Jones
By Cecilia Butini
Atlantia SpA said late on Wednesday that it has rejected the
latest offer by a group of investors to buy its 88% stake in
motorway operator Autostrade per l'Italia SpA.
"Whilst appreciating a number of improvements in the new offer,
Atlantia's Board of Directors believes that the terms and
conditions of the offer do not adequately reflect the fair market
value of the stake," Atlantia said.
The Italian infrastructure company gave a Nov. 30 deadline to
the group of potential buyers, which includes Italian state lender
Cassa Depositi e Prestiti's subsidiary CDP Equity SpA, Blackstone
Group International Partners LLP and Macquarie Infrastructure and
Real Assets Ltd. Atlantia said this would allow its shareholders to
consider a potential new offer when they gather for an
extraordinary general meeting, which will be held no later than
Jan. 15.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
October 29, 2020 04:48 ET (08:48 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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