Aspi, Cassa Depositi gives the green light for a new offer in company capital

2020-12-23T06:44:04.062Z

The Board of Directors of Cassa Depositi e Prestiti has given the green light to Cdp Equity for the presentation by the consortium composed of Cdp Equity, Blackstone Infrastructure Partners and Macquarie Infrastructure and Real Assets of a non-binding offer letter relating to the equity investment in Motorways for Italy. The new offer - explains a note from Cdp - updates the previous one with regard, among other things, to the results of the due diligence in progress, the relative impact on the economic evaluation and the identification of the process and timing for the presentation of a binding offer. The communication made to the Board follows what was proposed by Cdp in the previous offers sent to Atlantia on 19 and 27 October respectively, in line with the further negotiating steps contained therein. The object of the operation is the purchase by the Consortium of the entire stake held by Atlantia in Aspi, equal to 88.06% of the share capital. The investment in Aspi would be acquired by the Consortium through a BidCo held by Cdp Equity up to 51% and by Blackstone and Mira with equal shares for the residual part. "The letter sent today to Atlantia, on which the Consortium hopes to share the terms and principles contained therein, reaffirms its intention to continue swiftly with the technical due diligence - continues the note - which, given the large amount of documents and the numerous aspects to be analyzed that have also emerged over the last few weeks, requires further investigations which are fundamental in order to arrive at the formulation of a binding offer.