Atlantia Extends Deadline for Capital Increase

Date : 21/02/2018 @ 13h35
Source : Dow Jones News
Valeur : Atlantia (ATL)
Cours : 25.6  0.38 (1.51%) @ 17h35
Atlantia Cours Graphique

Atlantia Extends Deadline for Capital Increase

Atlantia (BIT:ATL)
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6 Mois : De Jan 2018 à Juil 2018

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   By Nathan Allen 
 

Shareholders in Atlantia SpA (ATL.MI) have voted in favor of extending the deadline to decide on a capital increase to fund the Italian toll-road operator's bid for Abertis Infraestructuras SA (ABE.MC), the company said Wednesday.

Under the terms agreed at an extraordinary shareholders meeting, the deadline has now been extended to Nov. 30, from the original deadline of April 30.

Atlantia had previously said it will consider raising its current offer, which values Abertis at 16.3 billion euros ($20.14 billion), once a competing EUR18.6 billion bid from Hochtief AG (HOT.XE) receives approval from the Spanish market regulator.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

February 21, 2018 07:20 ET (12:20 GMT)

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