Atlantia Secures Funding to Increase Abertis Bid -Reuters

02/09/18 03:27 AM EST

--Atlantia has secured funding to raise its bid for Spain's Abertis but it could take up to a month before an improved offer is made, Reuters reports, citing anonymous sources.

--The Italian highway operator told U.S. investors it was prepared to make a cash-only bid rather than the cash-and-shares mix it originally submitted, according to Reuters.

--Atlantia expects Spain's market regulator to approve a rival bid from Hochtief by Feb. 12 but no decision has been taken about the timing or the price of a new bid, Reuters says.


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(END) Dow Jones Newswires

February 09, 2018 03:27 ET (08:27 GMT)

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