Atlantia Agrees to Sell Ten Percent of Domestic Motorway Unit as It Presses Ahead with Abertis Deal

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.”