The board of directors of Atlantia, "while appreciating some improvements resulting from the new elaboration of the offer, has assessed the relative economic terms and conditions that are still non-compliant and unsuitable for ensuring adequate market value of the investment. The offer therefore lacks the elements necessary to grant a period of exclusivity to bidders ".
It can be read in the note released at the end of the board of Atlantia on the new CDP offer with Blackstone and Macquarie.
The board of Atlantia, while considering that the offer of CDP "lacks the necessary elements to grant an exclusivity period to the bidders", however "resolved, with the usual proactive spirit, to continue the dialogue with CDP and other co-investors of his approval to facilitate the presentation of a new binding and satisfactory offer by 30 November at the latest, so that the shareholders may possibly take it into due consideration when examining the demerger project at the next meeting ".
The board of Atlantia, while considering that the offer of CDP "lacks the necessary elements to grant an exclusivity period to the bidders", however "resolved, with the usual proactive spirit, to continue the dialogue with CDP and other co-investors of his approval to facilitate the presentation of a new binding and satisfactory offer by 30 November at the latest, so that the shareholders may possibly take it into due consideration when examining the demerger project at the next meeting ".