UK markets closed
  • FTSE 100

    7,122.32
    -6.89 (-0.10%)
     
  • FTSE 250

    22,646.08
    -38.76 (-0.17%)
     
  • AIM

    1,182.30
    -6.44 (-0.54%)
     
  • GBP/EUR

    1.1690
    -0.0076 (-0.65%)
     
  • GBP/USD

    1.3235
    -0.0067 (-0.50%)
     
  • BTC-GBP

    40,417.17
    -2,689.64 (-6.24%)
     
  • CMC Crypto 200

    1,367.14
    -74.62 (-5.18%)
     
  • S&P 500

    4,538.43
    -38.67 (-0.84%)
     
  • DOW

    34,580.08
    -59.71 (-0.17%)
     
  • CRUDE OIL

    66.22
    -0.28 (-0.42%)
     
  • GOLD FUTURES

    1,782.10
    +21.40 (+1.22%)
     
  • NIKKEI 225

    28,029.57
    +276.20 (+1.00%)
     
  • HANG SENG

    23,766.69
    -22.24 (-0.09%)
     
  • DAX

    15,169.98
    -93.13 (-0.61%)
     
  • CAC 40

    6,765.52
    -30.23 (-0.44%)
     

Atlantia to sell stake in Lisbon bridge operator to Vinci, Mota-Engil

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
FILE PHOTO: FILE PHOTO: An Atlantia sign outside the Italian infrastructure group's Rome headquarters
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

MILAN (Reuters) - Italian infrastructure group Atlantia said on Monday it would sell its 17.2% stake in Portugal's Lusoponte to Vinci and Mota-Engil, its co-investors in the company that operates two bridges over the river Tagus, in Lisbon.

French motorway and airport operator Vinci and Lineas, a company linked to Portuguese group Mota-Engil, had decided to exercise their pre-emption rights and buy out Atlantia, the Italian group said in a statement.

Atlantia, which decided in June to sell its motorway unit Autostrade per l'Italia, is reshaping its asset portfolio.

The Italian group said Vinci and Mota-Engil would buy the stake in Lusoponte pro-rata and would pay 55.7 million euros ($65.59 million) in total.

A previous contract signed to sell the operator of the Vasco da Gama bridge and the 25 de Abril bridge to MM Capital Partners will be scrapped.

($1 = 0.8493 euros)

(Reporting by Francesca Landini; editing by Barbara Lewis)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting