Abertis bidder Atlantia to consult shareholders over raising offer by EUR 1 or EUR 2 to about EUR 20 per share
Atlantia [BIT:ATL] plans to consult its shareholders about an improved offer for Abertis [BME:ABE] at the EGM called for on 21 February, ABC reported, citing sources privy to the discussions. Atlantia may improve by EUR 1 or EUR 2 the counter bid made by ACS [BME:ACS] (bidding through its German unit Hochtief [FRA:HOT]), currently at EUR 18.76, thus raising its offer to almost EUR 20 per share of Abertis, according to the report.
At present, Atlantia has offered EUR 16.5 per share of Abertis.
ABC cited knowledgeable sources as saying that Atlantia will improve the cash component of its offer.
Abertis' stock closed on Friday at EUR 19.6, the Spanish-language paper noted.