MILAN, Nov 22 (Reuters) - The bondholders of Atlantia's
motorway unit Autostrade per l'Italia approved on
Monday proposed changes to the terms and conditions of nine
bonds issued by Autostrade, clearing another hurdle for the
In June Atlantia agreed to sell its 88% stake in Autostrade
to a consortium comprising Italian state lender CDP and
investment funds Macquarie and Blackstone to end a feud
triggered by the collapse in 2018 of a motorway bridge in Genoa,
run by the unit, which killed 43 people.
The sale is expected to close by the end of March but the
Italian government and its authorities must first approve
Autostrade's new tariff plan (PEF) and the agreement that
settles the dispute over the bridge disaster. Rome also needs to
give its green light to revisions to the motorway contract.
Atlantia is due to pocket more than 8 billion euros ($9
billion) from the disposal of Autostrade, which operates nearly
half of Italy's motorway network.
($1 = 0.8883 euros)
(Reporting by Francesca Landini; Editing by Susan Fenton)