Spanish ACS Joins Race for Atlantia's Stake in Motorway Unit
AutostradeBusiness Recorder

Spanish ACS Joins Race for Atlantia's Stake in Motorway Unit

Reuters reported that Spanish infrastructure group ACS has made an offer for Atlantia’s 88% stake in motorway unit Autostrade per l’Italia, which values the

Reuters reported that Spanish infrastructure group ACS has made an offer for Atlantia’s 88% stake in motorway unit Autostrade per l’Italia, which values the business at 9 billion-10 billion euros. ACS said in a statement it had sent a letter to the Italian group’s board of directors declaring its interest in the stake

Italian state lender Cassa Depositi e Prestiti is already heading a team of investors, including Macquarie and Blackstone, which presented a binding bid for the unit last week.

Atlantia has been under pressure to sell its stake in Autostrade, which manages half of Italy’s motorway network, since the collapse of a motorway bridge run by the group in the town of Genoa caused the death of 43 people in 2018.

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