Such a deal could bring an end to a bidding war over Abertis between Atlantia and ACS, through its German unit Hochtief (HOTG.DE).
ACS and Atlantia are “near to an agreement to create a new company that would take control of Abertis jointly,” said one source, adding the two parties were not discussing a possible break-up of the Spanish group in these phase.
One of the sources said the groups were working at full steam to reach a final deal in the coming days.
ACS declined to comment on the issue.
Reporting by Francesca Landini in Milan, Stefano Bernabei in Rome, Jose Rodriguez in Madrid