By Joshua Kirby and Giulia Petroni 
 

Atlantia SpA's shareholders on Monday voted to accept an offer for subsidiary Autostrade per L'Italia from a consortium led by CDP Equity SpA, the holding company of Italian state lender Cassa Depositi e Prestiti SpA.

The offer for Atlantia's 88% stake in toll road operator ASPI was accepted by a majority of shareholders, the Italian infrastructure group said. The vote paves the way for Atlantia to part ways with ASPI, operator of the Morandi bridge in Genoa in Italy, which collapsed in August 2018, killing 43 people.

The consortium, led by CDP and also including investment funds Blackstone Group Inc. and Macquarie Group Ltd., made a binding offer for Atlantia's stake in ASPI in February, having seen a preliminary bid rejected in October last year. Atlantia said at the time that the bid undervalued the business.

 

Write to Joshua Kirby at joshua.kirby@wsj.com and Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

May 31, 2021 10:17 ET (14:17 GMT)

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