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Atlantia to Get EUR23-a-Share Bid From Benettons and Blackstone, Reuters Reports

--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.


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(END) Dow Jones Newswires

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

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