Spain’s ACS says it intends to buy Atlantia highway business

By:

Published: Apr 6, 2022, 19:09 UTC

MADRID (Reuters) - Spanish construction company ACS said on Wednesday it has an exclusive agreement with two investment funds, GIP and Brookfield, for the potential acquisition of a majority stake in the highway business of the Italian infrastructure company Atlantia.

General view of an infrastructure group Atlantia's headquarters, in Rome

MADRID (Reuters) – Spanish construction company ACS said on Wednesday it has an exclusive agreement with two investment funds, GIP and Brookfield, for the potential acquisition of a majority stake in the highway business of the Italian infrastructure company Atlantia.

It said in a statement it had not yet made a decision.

Earlier on Wednesday, shares in Atlantia surged almost 9% after Bloomberg News reported the company chaired by Spanish tycoon Florentino Perez, was weighing an offer for the Italian roads and airports group in which the Benetton family is a major investor.

(Reporting by Jesús Aguado, Corina Pons, Belén Carreño in Madrid and Francesca Landini in Milan; Editing by Chris Reese)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: