MILAN (Reuters) – A consortium of investors led by Italian state lender Cassa Depositi e Prestiti (CDP) is expected to approve a binding offer for Atlantia’s 88% stake in motorway unit Autostrade per l’Italia on Tuesday, two sources close to the matter said.
The bid will be based on a valuation of 9 billion euros ($11 billion) for 100% of Autostrade per l’Italia, the sources said.
The offer is not likely to include condition protecting the buyers from the legal risks linked to the 2018 collapse of a bridge run by Autostrade, one of the sources said.
CDP, Macquarie and Blackstone all declined to comment.
($1 = 0.8226 euros)