March 23, 2018 / 6:40 PM / a month ago

RPT-Atlantia to buy Cellnex stake, granted option to sell it on to Edizione

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MILAN, March 23 (Reuters) - Italian infrastructure group Atlantia said on Friday it had decided to exercise an option to buy part or all of the shares in Spanish towers group Cellnex owned by Abertis at a price of between 21.20-21.50 euros per share.

Atlantia will disclose whether it will purchase 29.9 percent or 34 percent of Cellnex only after the completion of the takeover offer on Abertis launched by Germany’s Hochtief .

The company also said Edizione, the holding company of Italy’s Benetton family, granted Atlantia a put option to sell to Edizione 29.9 percent of Cellnex at a price of 21.50 euros per share, cum dividend, for a total of 1.49 billion euros ($1.84 billion).

That put option may be exercised by April 16. ($1 = 0.8086 euros) (Reporting by Agnieszka Flak; Editing by Crispian Balmer)

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