ISS recommends Atlantia investor back sale of motorway unit to CDP-led consortium - paper
12/05/2021 06:14
MILAN, May 12 (Reuters) - Leading governance adviser
International Shareholder Services (ISS) has recommended
investors in Atlantia ATL.MI later this month back the sale of
the Italian group's motorway unit to an investor consortium,
daily Il Sole 24 Ore reported.
Atlantia has called a shareholders vote on May 31 over the
proposed sale of its 88% stake in its Autostrade per l'Italia
unit to a consortium comprising Italian state lender CDP and
funds Blackstone BX.N and Macquarie MQG.AX after the bidders
submitted an improved offer. urn:newsml:reuters.com:*:nL8N2MO0GM
ISS urged shareholders to back the deal saying Atlantia's
board appeared to have done its best to get the highest value
possible given the circumstances, Il Sole 24 Ore said.
(Reporting by Valentina Za; editing by Agnieszka Flak)
((valentina.za@thomsonreuters.com; +39 02 6612 9526;))