Spain's ACS says it intends to buy Atlantia highway business
Reuters
Published Apr 06, 2022 20:02
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.
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Written By: Reuters
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