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Abertis, Atlantia ready to relaunch after the verdict on the counter-takeover bid

The EU antitrust will rule on February 6 on the takeover bid by the rival group Acs/Hochtief for 17 billion, one more than Atlantia's offer

Abertis, Atlantia ready to relaunch after the verdict on the counter-takeover bid

According to reports from the German newspaper Boersen Timeung, Atlantia would intend to increase its offer from 16 billion euros for the Spanish Abertis,

In the event that the 17 billion ACS/Hochtief group's counter tender should be approved by the European antitrust – which will pronounce itself on February 6 – then the group controlled by the Benetton family would relaunch its offer. The OK from Spanish Consob should arrive within a month of the EU authority's decision.

Ten days ago, the go-ahead for Atlantia's takeover bid on Abertis was given by the Spanish market guarantor, which thus returned to the sender the objections of the Spanish ministers of development, energy and tourism, who had officially requested the revocation (or cancellation) of the authorization.

Atlantia's stock responded well to the rumors circulated on the day in Piazza Affari, gaining 1,8%, more than three times the performance of the Ftse-Mib.

 

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