Benettons, Blackstone obtain Italy’s green light on Atlantia takeover bid By Reuters

by Msnbctv news staff

© Reuters. FILE PHOTO: The brand of an infrastructure group Atlantia is seen exterior their headquarters, in Rome, Italy October 5, 2020. REUTERS/Guglielmo Mangiapane/

MILAN (Reuters) – The Benetton household and U.S. fund Blackstone (NYSE:) secured a inexperienced mild from the Italian authorities for his or her takeover supply for infrastructure group Atlantia, their car Schema Alfa stated on Thursday.

“The Presidency of the Council of Ministers … has communicated to the Offeror its resolution, adopted on June 22, 2022, to not train the particular powers,” Schema Alfa, which launched the bid, stated in an announcement.

Rome has particular “golden powers” it will probably use to dam or set strict circumstances on takeovers in strategic sectors, equivalent to airports, defence, vitality and banking.

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