CDP-led consortium keeps price tag unchanged in revised Autostrade bid- source

Credit: REUTERS/YARA NARDI

A consortium led by Italian state lender CDP has kept the valuation of Autostrade per l'Italia unchanged at 8.5-9.5 billion euros in a revised proposal to buy Atlantia's 88% stake in the motorway firm, a source close to the matter said.

ROME, Oct 27 (Reuters) - A consortium led by Italian state lender CDP has kept the valuation of Autostrade per l'Italia unchanged at 8.5-9.5 billion euros in a revised proposal to buy Atlantia's 88% stake in the motorway firm, a source close to the matter said.

The reworked offer prepared by CDP and investment funds Macquarie and Blackstone will be reviewed by Atlantia's ATL.MI board on Wednesday.

Last week Atlantia gave the CDP-led consortium more time to come up with an improved offer for its motorway assets.

(Reporting by Giuseppe Fonte; writing by Francesca Landini; editing by Valentina Za)

((francesca.landini@thomsonreuters.com; +39 02 66129437; Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))

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