The acquisition of the Italian infrastructure group Atlantia by the Benetton family and the American investment fund Blackstone could be completed by the end of the year, its chairman Giampiero Massolo told Reuters on Sunday. “We hope to be able to meet the schedule we have set,” said the leader on the sidelines of the Ambrosetti Forum conference in northern Italy. The likely scenario is for an offer to be launched in October, with the aim of delisting the company by the end of the year, he added.
In April, the Benetton family and US investment fund Blackstone offered a €58 billion bid to privatize the airport and highway operator, but have yet to launch a formal offer pending authorization from regulatory authorities.
Giampiero Massolo also confirmed that the group was exploring a potential investment in Chicago Skyway, a US highway toll operator owned by Canadian pension funds Omers and the Canada Pension Plan Investment Board (CPP). “It’s an interesting asset,” he said.