ISS recommends Atlantia investor back sale of motorway unit to CDP-led consortium - paper

By Reuters

<p><body> <p><span class="caps">MILAN</span> (Reuters) – Leading governance adviser International Shareholder Services (<span class="caps">ISS</span>) has recommended investors in Atlantia later this month back the sale of the Italian group’s motorway unit to an investor consortium, daily Il Sole 24 Ore reported.</p> <p>Atlantia has called a shareholders vote on May 31 over the proposed sale of its 88% stake in its Autostrade per l’Italia unit to a consortium comprising Italian state lender <span class="caps">CDP</span> and funds Blackstone and Macquarie after the bidders submitted an improved offer.</p> <p><span class="caps">ISS</span> urged shareholders to back the deal saying Atlantia’s board appeared to have done its best to get the highest value possible given the circumstances, Il Sole 24 Ore said.</p> <p/> <p> (Reporting by Valentina Za; editing by Agnieszka Flak)</p> </body></p>