Exclusive: CDP consortium to value Atlantia’s unit 9 billion euros in bid

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© Reuters. FILE PHOTO: A logo of the Atlantia Group is seen outside its headquarters in Rome, Italy

MILAN (Reuters) – A consortium of investors led by Italian state lender Cassa Depositi e Prestiti (CDP) is expected to approve a binding offer for Atlantia’s 88% stake in motorway unit Autostrade per l’Italia on Tuesday, two sources close to the matter said.

The bid will be based on a valuation of 9 billion euros ($11 billion) for 100% of Autostrade per l’Italia, the sources said.

The offer is not likely to include condition protecting the buyers from the legal risks linked to the 2018 collapse of a bridge run by Autostrade, one of the sources said.

CDP, Macquarie and Blackstone (NYSE:) all declined to comment.

($1 = 0.8226 euros)

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