Exclusive: the CDP consortium will value the Atlantia unit for 9 billion euros – sources

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In this news, we discuss the Exclusive: the CDP consortium will value the Atlantia unit for 9 billion euros – sources

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MILAN (Reuters) – A consortium of investors led by Italian public 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 mentioned file.

The offer will be based on a valuation of 9 billion euros ($ 11 billion) for 100% of Autostrade per l’Italia, the sources said.

The offer is not likely to include a condition protecting buyers from legal risks associated with the 2018 collapse of a bridge operated by Autostrade, one of the sources said.

CDP, Macquarie and Blackstone all declined to comment.

(1 USD = 0.8226 euros)

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

Original © Thomson Reuters

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