Atlantia Shareholders Back Sale of Entire Stake in Autostrade Per L'Italia
May 31 2021 - 10:25AM
Dow Jones News
By Joshua Kirby and Giulia Petroni
Atlantia SpA's shareholders on Monday voted to accept an offer
for subsidiary Autostrade per L'Italia from a consortium led by CDP
Equity SpA, the holding company of Italian state lender Cassa
Depositi e Prestiti SpA.
The offer for Atlantia's 88% stake in toll road operator ASPI
was accepted by a majority of shareholders, the Italian
infrastructure group said. The vote paves the way for Atlantia to
part ways with ASPI, operator of the Morandi bridge in Genoa in
Italy, which collapsed in August 2018, killing 43 people.
The consortium, led by CDP and also including investment funds
Blackstone Group Inc. and Macquarie Group Ltd., made a binding
offer for Atlantia's stake in ASPI in February, having seen a
preliminary bid rejected in October last year. Atlantia said at the
time that the bid undervalued the business.
Write to Joshua Kirby at joshua.kirby@wsj.com and Giulia Petroni
at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 31, 2021 10:17 ET (14:17 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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