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Abertis says notes Atlantia offer, response will come within legal timeframe
May 15, 2017 / 10:14 AM / 4 months ago

Abertis says notes Atlantia offer, response will come within legal timeframe

MADRID (Reuters) - Spanish toll road company Abertis (ABE.MC) said on Monday it had noted the cash-and-shares offer made by Atlantia (ATL.MI) for the company and it would make a response within the time period laid out by Spanish law.

Italy’s Atlantia launched a 16.34 billion euro ($17.90 billion) offer for Spain’s Abertis on Monday in a bid to create the world’s biggest operator of toll roads, with 14,095 km under management.

Reporting By Sonya Dowsett; Editing by Andres Gonzalez

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