ROME (Reuters) - A board meeting of Italian infrastructure group Atlantia (ATL.MI) on Thursday will not discuss a possible takeover bid for Spanish rival Abertis (ABE.MC), sources close to the matter said.
The board will instead review the sale of a minority stake in Atlantia’s motorway unit Autostrade per l‘Italia, the sources said.
The infrastructure investment arm of insurer Allianz (ALVG.DE) and three other suitors are vying for a 15 percent stake in Autostrade per l‘Italia, sources have said. Atlantia could fetch more than 2 billion euros from the sale.
Reporting by Stefano Bernabei; writing by Francesca Landini