Abertis/Atlantia: Ferrovial considers and rules out counter offer - report (translated)
03 AUG 2017
Spanish infrastructures group Ferrovial [BME:FER] has analysed an offer for Abertis Infraestructuras [BME:ABE], Cinco Diasreported, citing sources.
Ferrovial’s management team has, however, recommended the board of directors not to make a counter offer for the Spanish motorways group, the Spanish-language paper said.
Abertis is the target of a EUR 16.5bn takeover bid from Atlantia [BIT:ATL] of Italy.
According to the report, Ferrovial's board was easily convinced, though other sources said that as Atlantia’s offer may take some time, Ferrovial may still consider a bid. Official sources from Ferrovial declined to comment, Cinco Dias said.