UPDATE 3-Italy's CDP pledges 'more compelling' bid for Atlantia's unit by end-Feb
(Adds Spinecap comment) ROME, Feb 1 (Reuters) - A consortium led by Italian state lender Cassa Depositi e Prestiti (CDP) has asked infrastructure group Atlantia to give it more time to submit “an improved and more compelling” binding bid for a stake in its motorway unit. In a statement on Monday, Atlantia said the consortium, which also includes investment funds Blackstone and Macquarie, had written a letter asking for time, until the end of February. The binding offer was initially expected by the end of January, but a lengthy due diligence on Autostrade and Italy’s ongoing political c...
Source: reuters.com