--Spanish construction company Actividades de Construccion y Servicios SA has approached Italian infrastructure operator Atlantia SpA to buy toll road operator Autostrade per l'Italia, the Financial Times reports, citing a letter it has obtained.

--ACS is valuing Autostrade per l'Italia, in which Atlantia has an 88% stake, at between 9 billion euros and 10 billion euros ($10.69 billion to $11.87 billion), the FT reports.

--ACS, Atlantia and Autostrade per l'Italia didn't respond to request for comment when approached by The Wall Street Journal.


Full story: https://on.ft.com/31U76fQ


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(END) Dow Jones Newswires

April 08, 2021 12:36 ET (16:36 GMT)

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