M&A Activity • Feb 1, 2021
M&A Activity
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Press Release
Rome, 1 February 2021 - In response to today's news from Bloomberg, and as requested by the supervisory authority of the market, following today's share price movements, Atlantia announces that late on 31 January it received a letter from the Consortium established by CDP Equity SpA, Blackstone Infrastructure Advisors LLC and Macquarie Infrastructure and Real Assets (Europe) Limited. The letter contains a request for an extension of the deadline for submission of a final offer for an 88% stake in Autostrade per l'Italia SpA until the end of February.
The letter received does not contain any indication of price, limiting itself to the following statement: "we are confident of reaching a more considered outcome on the valuation […] compared to the Valuation Update schedule attached to our letter dated December 22 and to be able to provide an improved and more compelling proposal for your consideration".
In response to the above letter of 22 December last year, Atlantia's Board of Directors issued a press release dated 28 December 2020, stating that "besides being non-binding and lower than the expectations of the Board of Directors the offer includes, among others a lower valuation for the 100% of the ASPI than the one indicated as a range by the CDP Consortium in its previous letters of 19 and 27 October".
The request for an extension will be discussed by Atlantia's Board of Directors at the previously arranged meeting to be held on 5 February, with the related decisions announced to the market in due course.
Investor Relations e-mail: [email protected]
Media Relations e-mail: [email protected] www.atlantia.it
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