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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Atlantia | BIT:ATL | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Apr 2019 to Apr 2024
By Pietro Lombardi
Atlantia SpA's subsidiary Abertis Infraestructuras is teaming up with U.S.-based investment firm John Hancock to buy Elizabeth River Crossings for 1 billion euros ($1.19 billion)
The Italian infrastructure group said Monday that its subsidiary will have a stake of up to 68% in the U.S. company, which manages tunnels in Virginia. The stake can be cut to a minimum of 51% before the deal is closed.
With the deal, Abertis enters the U.S. market.
Atlantia will control the U.S. company and consolidate it.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10
(END) Dow Jones Newswires
November 09, 2020 04:31 ET (09:31 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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