By Pierre Bertrand


Atlantia SpA said Wednesday that its board of directors deems a takeover offer launched by U.S. fund Blackstone Inc. and Italy's Benetton family as fair from a financial standpoint.

The two parties, via their Schema Alfa SpA investment vehicle, have offered to buy out the Italian infrastructure company for around 12.7 billion euros ($12.68 billion), or EUR23 a share.

The bidders plan to delist the company following the purchase.


Write to Pierre Bertrand at pierre.bertrand@wsj.com


(END) Dow Jones Newswires

10-05-22 0723ET