Blackstone is weighing an offer for the Italian infrastructure company Atlantia, Bloomberg news reported on Wednesday, citing sources familiar with the matter.
The private equity firm is in talks to team up with Italy’s billionaire Benetton family, which owns 33% of Atlantia, to take the company private, the report said.
Blackstone did not immediately respond to Reuters request for comment.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Earlier on Wednesday, shares in Atlantia jumped almost 9% after Bloomberg reported Spanish tycoon Florentino Perez, the biggest shareholder in infrastructure company ACS, was working with advisers to study a potential bid for the Italian roads and airports group.
Any bid for Atlantia would need the backing of Edizione, the holding company of the Benetton family.
Source: Reuters
Can’t stop reading? Read more
US private equity exits gain momentum for a second year as firms race to offload ageing assets
US private equity exits gain momentum for a second year as firms race to offload ageing assets US...
Thoma Bravo leads new growth chapter for Azul with majority acquisition
Thoma Bravo leads new growth chapter for Azul with majority acquisition Thoma Bravo has closed its...
Blackstone weighs renewed sale of Canary Wharf’s Cargo building as market outlook improves
Blackstone weighs renewed sale of Canary Wharf’s Cargo building as market outlook improves...