Spain's ACS says it intends to buy Atlantia highway business

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

MADRID (Reuters) – Spanish construction company ACS said on Wednesday it has an exclusive agreement with two investment funds, GIP and Brookfield, for the potential acquisition of a majority stake in the highway business of the Italian infrastructure company Atlantia.

It said in a statement it had not yet made a decision.

Earlier on Wednesday, shares in Atlantia surged almost 9% after Bloomberg News reported the company chaired by Spanish tycoon Florentino Perez, was weighing an offer for the Italian roads and airports group in which the Benetton family is a major investor.

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