Press "Enter" to skip to content

ACS confirms an offer of up to 10,000 million euros for Italian highways

The Spanish construction giant ACS confirmed on Friday that it had made an offer of “9,000 to 10,000 million” euros to acquire a majority stake in Autostrade per l’Italia (Aspi), along with other investors, including an Italian depository. .

“ACS confirms that it has sent a letter to the Board of Directors of Atlantia in which it expresses its interest in participating, together with other possible investors, among which is the Cassa Depositi e Prestiti, in the possible acquisition of that company’s stake in ASPI (Autostrade per l’Italia SpA) “states in a statement to the Spanish financial markets authority.

The Atlantia group, owned by the Benetton family, owns 88% of the Italian highways.

ACS’s offer is for “between 9,000 and 10,000 million euros” (USD 10,710 million – 11,900 million), specifies the Spanish group led by Florentino Pérez, also president of the Real Madrid football club.

On Thursday Atlantia admitted in a statement having received “an expression of interest” from ACS “regarding the purchase of a stake in Aspi within the framework of a consortium with other Italian and international investors.”

At the beginning of April, a consortium led by the Italian Depository Bank (Cdp) made an offer that valued these highways at 9.1 billion euros.

Atlantia’s board of directors will examine these two offers “in the next few days”


Read more

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *