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UPDATE 3-Italy's CDP pledges 'more compelling' bid for Atlantia's unit by end-Feb - Vimarsana News

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...

UPDATE 2-EU Commission tells Rome to explain handling of Atlantia dispute - Vimarsana News

UPDATE 2-EU Commission tells Rome to explain handling of Atlantia dispute

路透新闻部 (Recasts with copy of letter, investor comment) ROME, Jan 29 (Reuters) - The EU Commission has asked Italy to explain the introduction of new rules in relation to its handling of a dispute with infrastructure group Atlantia , after complaints from the company’s minority shareholders. The Commission asked Rome to clarify measures it had taken, in a letter seen by Reuters. The Commission was responding to complaints lodged by minority shareholders in Atlantia, who say the government’s actions - including demands for Atlantia to reduce its stake in motorway unit Autostrade pe...