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 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.