Time.news – New Acs sortie against Autostrade per l’Italia. The Spanish group sent a second letter to Atlantia (which controls Aspi with 88%) to reiterate its interest. The group led by Real Madrid president Florentino Perez, Bloomberg reports, would aim to integrate the two groups to create a global player.
The letter would contain a more detailed expression of interest for Autostrade per l’Italia compared to last week. Acs, in the letter to Atlantia, states that it intends to start the due diligence on Aspi with the support of Societe Generale.
Meanwhile, the Board of Directors of Atlantia met today and resolved to reconvene before 23 April to examine the contents of the binding offer for the purchase of the entire 88% stake held by Atlantia in Autostrade per l’Italia presented by the consortium formed by Cdp Equity, Blackstone Infrastructure Advisors and Macquarie Infrastructure and Real Assets (Europe) Limited, in order to fully represent, in the illustrative report that will be made available to the public in accordance with the law, the reference context, the contents of the transaction , its assessments on the adequacy of the offer and any alternative scenarios.
The company explains that by doing so “the board will have the opportunity to evaluate any changes to the offer that the Consortium should submit in the meantime in light of the requests for improvement made by Atlantia. in any case by May 28, 2021, current term of validity of the offer following the call – the Board will meet to make its final decisions on the matter “.
The Council will also begin to assess the intentions of ACS and whether the Spanish offer will compete with that of CDP or will converge.
But the Board of Directors decided that the meeting will be ordinary for the examination of the binding offer. Atlantia explains that given the exceptional nature of the affair, the importance of the asset that would be disposed of, and the hope expressed by some shareholders in this sense, the Board has decided “to call the shareholders’ meeting in order to acquire the orientation of its shareholders in this regard “.
Draghi: I do not intervene on the matter
Prime Minister Mario Draghi was asked a question on the issue during a press conference. The prime minister cut it short: “I do not intervene and I do not discuss: there is an ongoing negotiation based on an offer prepared by the previous government, we will see how it ends”.
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