--The Benetton family and U.S. fund Blackstone Inc. will spend up to 12.7 billion euros ($13.83 billion) to take Italian infrastructure company Atlantia SpA private, Reuters reports.

--The two partners said they would offer EUR23 per Atlantia share, a 24% premium on Atlantia's share price on April 5, before M&A speculation drove gains, Reuters reports.

--The Benettons own 33% of Atlantia, and last week said they had rebuffed advances by two other funds to acquire the company and hand its motorway concessions business to Spain's Actividades de Construccion y Servicios SA.

 

Full story: https://reut.rs/3jAPRsH

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

April 14, 2022 02:53 ET (06:53 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Atlantia (BIT:ATL)
Historical Stock Chart
From Jun 2022 to Jul 2022 Click Here for more Atlantia Charts.
Atlantia (BIT:ATL)
Historical Stock Chart
From Jul 2021 to Jul 2022 Click Here for more Atlantia Charts.