BX Blackstone Inc

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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