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McConnell says Republicans' infrastructure proposal not final offer -CNBC


By Reuters Staff
1 Min Read
FILE PHOTO: U.S. Senate Minority Leader Mitch McConnell (R-KY) speaks during a news conference with fellow Republican senators on Capitol Hill in Washington, U.S., May 25, 2021. REUTERS/ERIN SCOTT
WASHINGTON (Reuters) - U.S. Senate Republican Leader Mitch McConnell on Thursday said Republicans’ counter offer to President Joe Biden’s infrastructure plan was not a final offer and that his caucus was open to continued talks on a possible bipartisan deal.
McConnell, speaking in an interview on CNBC, said Republicans were open to more spending on infrastructure but that the money should come from funds already allotted to states and localities under earlier COVID-19 relief bills. ....

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REFILE-EXCLUSIVE-CDP consortium's bid to value Atlantia unit at 9 bln euros -sources


CDP consortium to bid for Atlantia’s unit by Feb. 24
Atlantia’s unit valued 9 bln euros in CDP offer, sources say
CDP says consortium could buy up to 100% of Autostrade
MILAN, Feb 23 (Reuters) - Cassa Depositi e Prestiti (CDP) on Tuesday gave the go-ahead to submit an offer to buy Atlantia’s 88% stake in Autostrade per l’Italia unit, CDP said, after two sources told Reuters the bid would value 100% of Autostrade at 9 billion euros.
Italian state lender CDP, which will file its binding bid with its investment fund partners Macquarie and Blackstone, did not disclose the financial details of the bid due to be presented by Wednesday. ....

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EXCLUSIVE-CDP consortium's bid to value Atlantia unit at 9 bln euros -sources


CDP-led consortium readies offer for 88% of Atlantia’s unit
Minority investor TCI says unit’s value more than 12 bln euros (Adds details on consortium’s offer, Atlantia’s board)
MILAN, Feb 23 (Reuters) - A consortium of investors led by Italian state lender Cassa Depositi e Prestiti (CDP) is expected to approve a binding offer for Atlantia’s 88% stake in motorway unit Autostrade per l’Italia later on Tuesday, two sources close to the matter said.
The bid will be based on a valuation of 9 billion euros ($11 billion) for 100% of Autostrade, the sources said.
A previous non-binding proposal in December was pitched at an 8 billion-euro valuation, one of the sources said. ....

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