VXRT Stock – CDP and allies agree 5-yr lock-up for Atlantia’s unit deal
MILAN, June 15 (Reuters) – Italian state lender Cassa Depositi e Prestiti (CDP) and investment partners Macquarie and Blackstone have agreed a five-year lock-up for their joint investment in Atlantia’s motorway unit, one source close to the matter said.
The three partners signed a deal to buy Atlantia’s 88% stake in its Autostrade per l’Italia unit for 8 billion euros ($9.70 billion) last week.
The transaction is expected to be finalised between Nov. 30 this year and June 30, 2022. ($1 = 0.8250 euros) (Reporting by Francesca Landini; editing by Agnieszka Flak)