Atlantia Extends Term For CDP Consortium's Offer for Autostrade Stake
March 17 2021 - 2:39AM
Dow Jones News
By Olivia Bugault
Atlantia SpA said late Tuesday that its board of directors has
extended the term for a revised offer for its 88% stake in
Autostrade per l'Italia SpA until March 27.
The Italian infrastructure operator said it accepted a term
extension after it received a letter from the consortium made up of
CDP Equity SpA, The Blackstone Group International Partners LLP and
Macquarie Infrastructure and Real Assets Ltd. asking to extend the
validity period of the binding offer.
Atlantia in late February said that the binding offer made by
the consortium was below expectations and wasn't "consistent with
the interests of Atlantia or its stakeholders as a whole."
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
March 17, 2021 02:24 ET (06:24 GMT)
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