Exclusive: CDP consortium to value Atlantia’s unit 9 billion euros in bid – sources

Exclusive: CDP consortium to value Atlantia’s unit 9 billion euros in bid – sources

News: Exclusive: CDP consortium to value Atlantia’s unit 9 billion euros in bid – sources.

MILAN (Reuters) – A consortium of investors led by Italian state lender Cassa Depositi e Prestiti (CDP) is expected to approve a binding offer on Tuesday for Atlantia’s 88% stake in the Autostrade per l’Italia motorway unit, two sources close to the matter said.

The offer is based on a valuation of 9 billion euros for 100% of Autostrade per l’Italia.

The offer is unlikely to include a condition protecting buyers from the legal risks associated with the collapse of an Autostrade-operated bridge in 2018, one of the sources said.

CDP, Macquarie and Blackstone declined to comment.

($ 1 = 0.8226 euros)

Reporting by Francesca Landini and Giuseppe Fonte, additional reporting by Stephen Jewkes, editing by Giulia Segreti

Original Source © Reuters

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