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EU: Regulators to approve Atlantia, Abertis deal

By  |  October 10, 2017

Italian toll-road group Atlantia’s €17 billion (US$20 billion) bid for Spain’s Abertis is set to win EU approval, sources said on uesday, October 10, clearing another hurdle to getting the long-awaited deal done unless a counter-bid emerges.

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    Three sources with knowledge of the matter said that EU antitrust regulators were set to give unconditional approval to the bid on Friday.

    Atlantia, which announced in May its proposal to acquire Abertis to create the world’s largest toll-road operator, formally launched the cash-and-shares offer on Tuesday, a day after receiving the go-ahead from the Spanish market regulator.

    The start of the offer period, which runs until October 24, puts pressure on potential counter-bidder ACS, a Spanish construction group, to show its hand.

    Full Content: Reuters

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