The Benettons' takeover bid for Atlantia has wrong-footed Florentino Perez who had bet on the Italian company but is now having difficulty launching a counter-takeover bid - however, keep an eye out for Abertis on whom the Spanish manufacturer could attempt a comeback
A battle involving takeover bids hovers over Atlantia: on one side the funds Gip and Brookfield, flanked by Perez, on the other the Benettons with Blackstone – The stock soars over 10%
Today the French coach spoke with the president Florentino Perez and then called a surprise press conference, in which he communicated his decision, which comes only a few days after yet another triumph, the third consecutive Champions League win…
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
The Catalan motorway concessionaire, on which the Italian Atlantia is pressing, closed the first 9 months with positive accounts, also approving the payment in the first two weeks of November of a dividend of 0,4 euro per share on the 2017 financial year.
Atlantia's offer surpassed (€16,50 per share) - Hochtief's offer also includes an alternative: exchange of 0,1281 new Hocthief shares for each Abertis share up to a maximum of 193,5 million shares of the spanish group - Tonight the…
Acs' offer from Real Madrid president Florentino Perez should arrive through the German subsidiary Hochtief - Tomorrow the deadline for presentation - Hochtief in rally in Frankfurt.
The investment funds which ACS had contacted to participate in the counter tender offer on Abertis would have expressed many doubts on the profitability of the operation - Tci would have already declined the offer.
This was revealed by Expansion - The Spanish company led by Florentino Perez would like to include some Chinese funds, including Ying Zhan Investment Limited, in the offer on Abertis.
Acs would be preparing to launch a counteroffensive worth over 17 billion euros, also taking on a further 15 billion euros, which are the debts accumulated by Abertis.
