Italy's Atlantia Formally Launches Offer for Spain's Abertis
June 15 2017 - 03:21PM
Dow Jones News
By Jeannette Neumann
MADRID--Italian infrastructure group Atlantia SpA on Thursday
formally launched its EUR16.3 billion offer for Spain's Abertis
Infraestructuras SA, a deal that would create the world's biggest
toll-road operator.
Atlantia announced in mid-May that the operation would be a
cash-and-share offer for the Spanish company. The Italian company
said on Thursday it would consider an all-cash offer if it
previously asks Spain's market regulator to modify the terms of the
offer.
Abertis has said it won't respond to the offer until it is
legally required to do so within a period of at least several
months.
Atlantia maintained its offer at EUR16.40 per Abertis share.
Write to Jeannette Neumann at jeannette.neumann@wsj.com
(END) Dow Jones Newswires
June 15, 2017 15:06 ET (19:06 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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