Atlantia, Edition and Blackstone ready for OPA at the turn of Easter

Atlantia Edition and Blackstone ready for OPA at the turn

(Finance) – Edizione (the holding company of the Benetton family) e Blackstone (US private equity giant) they could launch a takeover bid on the entire capital from Atlantia astride Easterpointing to the delisting of the company listed on Euronext Milan focused on infrastructures and services for mobility. Il Messaggero writes it, who underlines that “together with the advisors Goldman Sachs and Mediobanca, the Ponzano shipyard has already advanced for the preparation of the tender offer, bearing in mind that it will be launched at least on approximately 62.5% of the capital of Altantia. In fact, Edizione (through Sintonia) holds a 33.1% stake in the capital, to which 4.5% of the CRT Foundation, which has always been an ally of the Benettons, can be added.

According to the Roman daily, the takeover bid must include a price of around 24 euros per sharein light of the entry into the game of Florentino Perez, patron of DHW, in partnership with the GIP and Brookfield funds. At these price levels approximately 12 billion will be needed, net of treasury shares, considering that Edizione and CRT will not be required to deliver their shares. They would be at work to finance the operation Goldman Sachs, Mediobanca, JPMorgan, Bank of America And Intesa Sanpaolo.

There consortium of Florentino Perez it would instead be using the support of Morgan Stanley, Credit Suisse And Citiwhich would be joined by SocGen And Banco Santander to finance a takeover bid.

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