MILAN May 9 Italian toll road group Atlantia
could present a takeover bid on Spanish rival Abertis
within days, two sources close to the matter said on
Atlantia, controlled by the Benetton family, confirmed last
month it was considering a deal with Abertis providing it was
friendly and created shareholder value.
"It's a matter of days. The offer could come towards the end
of this week or early next week," one of the sources said,
adding the two parties were keen to reach an agreement.
A board meeting of Atlantia to discuss first quarter results
is set for Friday.
Sources cautioned however the two groups were still
discussing the terms of the deal, including the price Atlantia
would pay for Abertis shares.
Another source said a financing package worth around 11
billion euros ($12 billion) was ready for the deal.
Atlantia was not immediately available for a comment, while
Abertis declined to comment on the issue.
A merger between Atlantia and Abertis would create Europe's
biggest toll road group, with a market value of more than 36
($1 = 0.9186 euros)
(Reporting Pamela Barbaglia in London and Paola Arosio in
Milan; writing by Francesca Landini)