Blackstone and Benettons propose a EUR€58B buyout offer for Atlantia
April 14, 2022
58.00 Billion EUR
On April 14th, 2022, The Blackstone Group ("Blackstone") and Benettons proposed a EUR€58 billion buyout offer for Atlantia to take the company private. Benetton currently controls a 33% stake of Atlantia, the bid targets 66.9% of the group’s share capital and is conditional on reaching a 90% acceptance threshold.
Blackstone, headquartered in New York, United States, is a global investment business investing capital on behalf of pension funds, large institutions and individuals.
Atlantia, headquartered in Rome, Italy, is a strategic investment holding company that offers mobility services and manages motorways and airports under concession.
McCarthy Tetrault is advising Blackstone with a team led by Jonathan See, Hailey Schenker (Business), Raj Juneja (Tax), and Jason Gudofsky (Competition).