Atlantia delays spin-off plans to extend talks with CDP-led consortium
MILAN, Oct 28 (Reuters) - Italy's Atlantia ATL.MI said it had delayed a shareholder vote on the spin-off of its domestic motorway business to extend talks for the sale of its Autostrade per l'Italia unit to a consortium led by state lender Cassa Depositi e Prestiti (CDP).
In a statement confirming what sources had told Reuters earlier on Wednesday, the infrastructure group said a revised offer it received this week from the CDP-led consortium for its 88% stake in Autostrade was still inadequate.
Atlantia said it would extend discussions with CDP and co-investors Macquarie and Blackstone BX.N with a view to receiving a new binding proposal by Nov. 30.
(Reporting by Giuseppe Fonte, Francesca Landini, Stephen Jewkes; editing by Valentina Za)
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