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Atlantia presses on with creation of vehicle to house motorway unit

Published 09/03/2020, 10:11 AM
Updated 09/03/2020, 10:15 AM
© Reuters. FILE PHOTO: A logo of the Atlantia Group is seen outside their headquarters in Rome

MILAN (Reuters) - Italy's Atlantia (MI:ATL) said on Thursday its board agreed to create a separate company to house all or part of the 88% stake it holds in motorway operator Autostrade per l'Italia as a prelude to the bourse listing of the unit.

The board will decide on approving the project at a future meeting, the group said without mentioning a final deadline.

An alternative plan to launch a competitive auction to sell its 88% stake in Autostrade remained on the table, it said.

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