Tuesday 2 March 2021
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todayonline - 7 days ago

Exclusive: CDP consortium to value Atlantia s unit 9 billion euros in bid - sources

MILAN - A consortium of investors led by Italian state lender Cassa Depositi e Prestiti (CDP) is expected to approve a binding offer for Atlantia s 88% stake in motorway unit Autostrade per l Italia on Tuesday, two sources close to the matter said. The bid will be based on a valuation of 9 billion euros ($11 billion) for 100% of Autostrade per l Italia, the sources said. The offer is not likely to include condition protecting the buyers from the legal risks linked to the 2018 collapse of a bridge run by Autostrade, one of the sources said. CDP, Macquarie and Blackstone all declined to comment. ($1 = 0.8226 euros) REUTERS


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