Italy's Atlantia Could Increase Its Bid for Abertis
November 10 2017 - 12:01PM
Dow Jones News
By Marc Navarro Gonzalez
Atlantia SpA (ATL.MI) said Friday that it could increase its bid
for Spain's Abertis Infraestructuras SA (ABE.MC).
The Italian highways and airports operator said it reserves the
right to adjust its price offered for each share of Abertis.
Atlantia's current bid values the Spanish toll-road operator at
16.3 billion euros ($18.9 billion).
The news come after Germany's Hochtief AG (HOT.XE), which is
controlled by Spain's Actividades de Construccion y Servicios SA
(ACS.MC), recently launched a EUR18.6 billion bid for Abertis,
rivaling Atlantia's earlier offer.
Write to Marc Navarro Gonzalez at
marc.navarrogonzalez@dowjones.com
(END) Dow Jones Newswires
November 10, 2017 11:46 ET (16:46 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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