Atlantia expected to give 5-6 more days for CDP-led bid on motorway unit - sources

Credit: REUTERS/GUGLIELMO MANGIAPANE

Italian infrastructure group Atlantia is expected to give a consortium led by state lender CDP another 5-6 days to finalise a binding bid for a stake in its motorway unit, three sources said on Tuesday.

MILAN/ROME, Oct 20 (Reuters) - Italian infrastructure group Atlantia ATL.MI is expected to give a consortium led by state lender CDP another 5-6 days to finalise a binding bid for a stake in its motorway unit, three sources said on Tuesday.

Cassa Depositi e Prestiti and investment funds Macquarie and Blackstone presented a proposal to buy Atlantia's 88% stake in Autostrade per l'Italia late on Monday.

Atlantia, which held a board meeting on the offer on Tuesday, declined to comment.

(Reporting by Giuseppe Fonte in Rome and Stephen Jewkes and Francesca Landini in Milan, editing by Giulia Segreti)

((stephen.jewkes@thomsonreuters.com; +39.0266129695; Reuters Messaging: stephen.jewkes.thomsonreuters.com@reuters.net))

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