FILE PHOTO: A view of the Autostrade per l'Italia headquarters in Rome, Italy, July 21, 2020. REUTERS/Yara Nardi/File Photo
MILAN - A consortium led by Italy’s state-lender CDP is set to raise its offer for Atlantia’s motorway unit Autostrade per l’Italia to value all of the company at more than 9.5 billion euros , daily Il Messaggero said on Friday. “The new binding proposal ... raises from 9.1 billion euros to over 9.5 billion euros the cash component for 100% but keeps intact the indemnities for 1.5 billion”, Il Messaggero said, citing banking sources.
Atlantia’s key investors said on Thursday the bid expected by Saturday from Italian state lender CDP and its partners appeared to be the best option for the sale of the group’s motorway unit Autostrade per l’Italia.CDP could not immediately be reached for a comment.
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