Italian infrastructure group Atlantia SpA on Thursday formally launched its EUR16.3 billion offer for Spain's Abertis Infraestructuras SA, a deal that would create the world's biggest toll-road operator.
Atlantia announced in mid-May that the operation would be a cash-and-share offer for the Spanish company. The Italian company said on Thursday it would consider an all-cash offer if it previously asks Spain's market regulator to modify the terms of the offer.
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Abertis has said it won't respond to the offer until it is legally required to do so within a period of at least several months.
Atlantia maintained its offer at EUR16.40 per Abertis share.
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(END) Dow Jones Newswires
June 15, 2017 15:06 ET (19:06 GMT)