(Image source: Imagoeconomica)
Dossier Atlantia: the holding of the Benetton and Blackstone family could launch a totalitarian takeover bid at around 24 euros per share
Atlantia more and more in the spotlight of the market and analysts, since various groups of investors are considering proposing a takeover bid on the holding company for motorways and airports.
READ ALSO: Atlantia, Florentino Perez thinks about an offer and the stock shines on the stock market
After the “no” of the Benetton family to the interest shown by both Gip, Brookfield eil patron of Real Madrid Florentino Pérezaccording to the newspaper the Messenger, Editionparent company of Sintonia, a company which in turn holds a 33.10% stake in the share capital of Atlantiacould accelerate the reorganization of the study in line with the Blackstone fund with a move already at the turn of the Easter holidays: according to the Roman newspaper on the table there would be aTotalitarian tender offer for around 24 euros per share for an overall transaction 12 billion.
Such an assessment would exceed the 22 euros put on the plate by Gip and Brookfieldin alliance with the Spanish Acs by Florentino Perez, who had presented their interest in the group at the end of March. Yesterday in a note Edition stated that she was not interested in the unsolicited proposal of the funds and that she was in discussions with Blackstone for a reorganization of Atlantia considered by the Venetian holding as strategic.
READ ALSO: Atlantia, Edition: strategic investment, ongoing talks with Blackstone
According to The sun 24 hours the consortium Gip-Brookfield, that would have moved with non-hostile intentions, is now at the crossroads between the backward step and the offer to the market as opposed to the desire to Editionbut there is also the Golden Power in the hands of the government which could act in defense of assets considered strategic for the country such as Rome Airports and Telepass.
READ ALSO: Atlantia and stamped papers with Rcs: so Blackstone returns to the center of the cyclone
“The opportunities of a hostile takeover bid, also considering the probable intervention of the government, we believe are reduced, while the press rumors of an operation under consideration between Edition And Blackstone confirm a speculative appeal on the title “, comment the analysts of Equity Sim. “On the other hand, the buyback up to 2 billion that the board will start after the sale of Aspi (expected on May 5th) is a support on the stock”, continue the analysts.
The comment of the analysts of Banca Imi which, in light of the position expressed yesterday by Edizione, give little chance success to a possible counteroffer from Gip-Brookfield, for which we are talking about a price of 26 euros per share. Meanwhile in Bag, in the middle of the morning, the prices of Atlantia they rise by 3.5% to 21 euros.
Read also:
“Tax, Ruffini dismantles the League: the Northern League in search of an exit strategy
“Third world war now inevitable”. German Minister comes out
Elections France, now Marine Le Pen can win. Why Macron risks ko
Tax, sensational brawl in the Finance Committee. WATCH THE VIDEO
Enel X: with Sycamore for energy efficiency projects
Inail-FS protocol, Ferraris: “More culture of safety”
#Atlantia #Benetton #freezes #funds #Perez #Edizione #Blackstone #ready #takeover #bid