Atlantia, John Hancock Buy Elizabeth River Crossings for EUR1 Billion
November 09 2020 - 4:46AM
Dow Jones News
By Pietro Lombardi
Atlantia SpA's subsidiary Abertis Infraestructuras is teaming up
with U.S.-based investment firm John Hancock to buy Elizabeth River
Crossings for 1 billion euros ($1.19 billion)
The Italian infrastructure group said Monday that its subsidiary
will have a stake of up to 68% in the U.S. company, which manages
tunnels in Virginia. The stake can be cut to a minimum of 51%
before the deal is closed.
With the deal, Abertis enters the U.S. market.
Atlantia will control the U.S. company and consolidate it.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com;
@pietrolombard10
(END) Dow Jones Newswires
November 09, 2020 04:31 ET (09:31 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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