Modified Hochtief Offer for Abertis Approved by Spanish Regulator

Date : 12/04/2018 @ 18h46
Source : Dow Jones News
Valeur : Atlantia (ATL)
Cours : 17.715  0.0 (0.00%) @ 06h01
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Modified Hochtief Offer for Abertis Approved by Spanish Regulator

Atlantia (BIT:ATL)
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   By Alberto Delclaux 
 

Spain's market regulator, the CNMV, has approved the modification of the voluntary takeover bid for Abertis Infraestructuras S.A. (ABE.MC) made by Hochtief AG (HOT.XE) and extended its acceptance period until May 8, according to a regulatory filing on Thursday.

The modified Hochtief offer is a result of the agreement between its parent, Actividades de Construccion y Servicios SA (ACS.MC), and Italy's Atlantia SpA (ATL.MI) to team up in order to take over the Spanish highway operator.

In a separate statement, Abertis said that Atlantia had withdrawn its previous bid.

 

Read more about the Abertis takeover: https://on.wsj.com/2EmQbEo

 

Write to at alberto.delclaux@dowjones.com

 

(END) Dow Jones Newswires

April 12, 2018 12:31 ET (16:31 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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