Bank of Italy Clears Way for Atlantia Buyout
September 22 2022 - 3:36AM
Dow Jones News
By Pierre Bertrand
Atlantia SpA late on Wednesday said that the Bank of Italy has
cleared the way for the buyout by Italy's Benetton family and U.S.
fund Blackstone Inc.
The Italian infrastructure company said the bank has authorized
the purchase of a qualified indirect stake in Atlantia unit
Telepass by the buyers' investment vehicle Schema Alfa.
The companies still need the green light from Italy's market
regulator Consob for the deal.
In April, the Benetton family and Blackstone submitted a buyout
bid of 23 euros ($22.63) a share for Atlantia in addition to a
planned dividend of EUR0.74 a share. The plan is to delist the
company and take the company private.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
September 22, 2022 03:21 ET (07:21 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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