Home » Benetton’s Atlantia Pits Blackstone Versus Perez in Biggest Deal
(Bloomberg) — The billionaire Benetton family’s motorway and airport company Atlantia SpA is poised to become the target of a bidding war in what could be this year’s biggest deal.
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U.S. buyout giant Blackstone Group Inc. is discussing teaming up with the Benettons to take Atlantia private, according to people familiar with the matter, while Spanish construction tycoon Florentino Perez said it’s partnering with Global Infrastructure Partners and Brookfield Asset Management Inc. on a potential bid.
The interest from Perez and several investment firms, first reported by Bloomberg News, sent Atlantia shares surging before they closed up 2.5%, giving the Italian infrastructure firm a market value of 15.7 billion euros ($17.1 billion).
Atlantia has an enterprise value of more than 62 billion euros including debt, according to data compiled by Bloomberg, which would make it the biggest deal of the year so far if completed with a premium, ahead of Microsoft…
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