Atlantia SpA (ATL.MI) said Friday that it could increase its bid for Spain's Abertis Infraestructuras SA (ABE.MC).
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The Italian highways and airports operator said it reserves the right to adjust its price offered for each share of Abertis. Atlantia's current bid values the Spanish toll-road operator at 16.3 billion euros ($18.9 billion).
The news come after Germany's Hochtief AG (HOT.XE), which is controlled by Spain's Actividades de Construccion y Servicios SA (ACS.MC), recently launched a EUR18.6 billion bid for Abertis, rivaling Atlantia's earlier offer.
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(END) Dow Jones Newswires
November 10, 2017 11:46 ET (16:46 GMT)