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Automotive

Reuters exclusively reports CDP consortium’s bid to value Atlantia unit at 9 billion euros

Reuters exclusively reported that Cassa Depositi e Prestiti (CDP) gave the go-ahead to submit an offer to buy Atlantia’s 88% stake in Autostrade per l’Italia unit. According to Reuters sources, the bid would value 100% of Autostrade at 9 billion euros. CDP said the consortium could purchase up to 100% of Autostrade if the motorway company’s minority shareholders – Germany’s Allianz and funds DIF, EDF Invest and China’s Silk Road Fund – exercise their right to sell their 12% under the same conditions that will be accepted by Atlantia.

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: Europe
Countries: Italy
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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