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Canadian Fund Mulls 49% Stake In Atlantia's Chile Unit -Source

Date : 04/18/2012 @ 9:04AM
Source : Dow Jones News
Stock : Atlantia (ATL)
Quote : 18.5  -0.02 (-0.11%) @ 11:30AM
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Canadian Fund Mulls 49% Stake In Atlantia's Chile Unit -Source

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The Canada Pension Plan is mulling buying a 49% stake in Atlantia SpA's (ATL.MI) South American unit, MF-Dow Jones reported, citing a person close to the matter.

An imminent deal is likely, once corporate governance accords can be reached between the current owner and the prospective minority investor, the person said.

Rome-based Atlantia is seeking to monetize part of its Autostrade Sud America unit, which owns a host of toll-road concessions in Chile, after buying out partners recently in deals that valued the business at just over EUR1.2 billion.

-By Gabriele La Monica, MF-Dow Jones; +39 06 6976 6921; djitaly@dowjones.com



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