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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 | - |
By Cristina Roca
Shares in Atlantia SpA jumped in early trading Thursday after a competitor confirmed interest in one of its units amid reports that a different set of suitors were weighing a bid for the company.
Shares in the Italian infrastructure company at 0758 GMT traded 10% higher at EUR20.81.
Late on Wednesday, Spanish peer Actividades de Construccion y Servicios SA said it had reached an exclusive agreement with funds GIP and Brookfield Asset Management Inc. for a possible acquisition of a majority stake in Atlantia's highways business.
ACS, which owns a 30% stake in tollroad-operator Abertis, with Atlantia holding just over 50%, said no decision had been made over an acquisition.
Late on Wednesday, multiple news organizations reported that private-equity firm Blackstone Inc. was looking at teaming up with the Benetton family, Atlantia's largest shareholders with a more than 30% stake, to take the Italian company private.
Blackstone declined to comment. Representatives of the Benetton family couldn't be reached.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
April 07, 2022 04:24 ET (08:24 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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