abertia

Atlantia announced its decision on Monday to launch a tender offer on the entire share capital of Catalan company Abertis. A deal between both companies would create the largest toll road operator in Europe and one of the leading ones in the world. Italy’s Atlantia offer would pay €16.50 a share and also includes another option in case shareholders decide to own stakes in the combined group: in that case, the exchange ratio would be set at 0.697 shares of Atlantia for each Abertis share tendered up to a maximum of 23.2% of the total offer. “We have worked to design an offer that is friendly and attractive for all shareholders, stakeholders, and the management of both companies,” said the Atlantia’s CEO, Giovanni Castellucci.