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Exclusive: CDP consortium to value Atlantia's unit 9 billion euros in bid - sources

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. ....

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Shares in Italy's motorway group ASTM soar on bid to take company private

Shares in ASTM jumped 27% on Monday, lifted by a buyout offer from the Italian motorway group's top investor which wants to take the company private and overhaul it. ....

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Indonesia wealth fund CEO says to focus on toll roads in review of $9.5 bln infra assets

Indonesia's sovereign wealth fund will focus on investment in toll roads in its first review of $9.5 billion worth of infrastructure projects for its assets, its newly appointed chief executive said on Tuesday. ....

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U.S. Senate panel to hold Jan. 21 hearing for transportation nominee

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WASHINGTON (Reuters) - The U.S. Senate Commerce Committee will hold a confirmation hearing next Thursday on the nomination of former South Bend, Indiana, Mayor Pete Buttigieg to head the Transportation Department, the panel announced on Friday.
FILE PHOTO: Former South Bend, Indiana Mayor Pete Buttigieg, U.S. President-elect Joe Biden s nominee to be secretary of transportation, reacts to his nomination during a news conference at Biden s transition headquarters in Wilmington, Delaware, U.S., December 16, 2020. REUTERS/Kevin Lamarque/Pool/File Photo
President-elect Joe Biden tapped Buttigieg - a rival for the Democratic presidential nomination last year - to head the department that oversees aviation, highways, vehicles, pipelines and transit. ....

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Atlantia agrees end-Jan deadline for due diligence on Italy motorway unit

Italy's Atlantia has agreed to give a consortium led by state lender Cassa Depositi e Prestiti (CDP) until the end of January to complete due diligence on its Italian motorway assets ahead of a possible final bid. ....

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