Blackstone and Italy's Benetton family have submitted a €58 billion ($63 million) buyout offer that would take Atlantia, an Italian holding company active in the infrastructure sector, private.
The deal would be the second-largest M&A transaction globally this year, according to Reuters.
Atlantia has 48 concessions in 11 countries, 9,346 kilometers (5,807 miles) of toll motorways, five airports under management and tolling services in 24 countries.
Blackstone and the Italian family are planning to offer €23 ($25) per share. IREI understands the bid was made in an effort to preserve the integrity of Atlantia and its Italian identity and stave off rival interest.
