ACS offers 10,000 million to Atlantia to create a highway giant

ACS has offered 10 billion euros

for the motorway business of the Italian group Atlantia to create a giant in the sector in Europe.

The company chaired by Florentino Pérez would join this acquisition to its subsidiary Abertis.

Sources familiar with the operation have reported that the Spanish group has sent a letter to the board of directors of Atlantia in which it expresses its intention to buy a

in Autostrade, the highway division, Reuters reports.

ACS values ​​the entire Atlantia toll road unit at up to 10,000 million euros. From Atlantia they have

"

, which is much higher than the offer made by the public bank CDP and its partners", according to TCI advisor Jonathan Amouyal.

Last week, CDP and its partners Macquarie and Blackstone submitted a new proposal to buy Atlantia's 88% stake in Autostrade in a new effort to end a dispute caused by the collapse of a bridge managed by the unit.

The consortium's binding offer is based on a

for the Autostrade pool and asks Atlantia to cover 870 million euros in potential legal risks, making concessions against the offer presented in February, the sources have said.

"The Italian government

without any political interference," said TCI's Amouyal, asking de Atlantia's board to explore ACS's bid.

Atlantia shares soared yesterday on the stock market, according to the news of the interest of ACS.

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