ROME (Reuters) – A consortium of investors led by Italian state lender CDP has put the final touches to a sweeter offer for Atlantia’s 88% stake in motorway unit Autostrade per l’Italia, two sources said on Wednesday.
The proposal is based on an unchanged valuation of 9.1 billion euros ($10.7 billion) for the whole of Autostrade, but asks the infrastructure group to cover for much less than 1.5 billion euros in potential legal risks, improving the terms of a previous offer it presented in February.
Reporting by Giuseppe Fonte and Francesca Landini; Editing by Chizu Nomiyama
source: reuters.com