Reuters reports, “Italy’s Atlantia (ATL.MI) has agreed to sell 10 percent of its domestic motorway unit to a series of investors including Allianz (ALVG.DE) for 1.48 billion euros ($1.6 billion) as it presses ahead with plans to bid for Spanish rival Abertis. A tie-up between Abertis (ABE.MC) and Atlantia would create one of the biggest infrastructure groups in Europe, generating around 60 percent of its core profit outside Italy.”
