American investment fund Blackstone
and the Benetton family's holding company Edizione on Thursday
announced a plan to buy out all of Atlantia's shares and delist
the airports-and-highways operator.
The offer is to buy out the stock at 23 euros a share, making
the operation worth around 12.7 billion euros if all of the
group's investors accept.
Atlantia's share price gained around 5% in early trading, taking
it up to the level of the offer price.
Edizione is Atlantia's biggest stockholder, owning around a
third of its shares.
Atlantia is in the process of selling its Italian highway unit
ASPI to a consortium led by State-lender Cassa Depositi e
Prestiti (CDP) for around eight billion euros.
The sale is the result of an agreement to end a dispute stemming
from the 2018 collapse of the Morandi motorway bridge in Genoa,
which was run by ASPI, a disaster that claimed the lives of 43
people.
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