The title gains nearly 7% on the Milan Stock Exchange while Brookfield would have made an offer for the takeover of Atlantia according to Bloomberg after having met the Benetton family twice in March. The acquisition of Atlanta would be the biggest deal of the year, according to the news agency.
No amount would have been indicated for this transaction underlines Bloomberg.
It could team up with Actividades de Construccion y Servicios and construction group Florentino Perez to take a majority stake in the Atlantia road concessions, Bloomberg adds.
UBS confirms its neutral recommendation on the value following this information with a price target of 18.8 E.
The analyst believes that this is a potentially interesting agreement… ‘we are analyzing the potential implications’ adds the analyst.
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