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Atlantia to sell stake in Lisbon bridge operator to Vinci, Mota-Engil

Atlantia to sell stake in Lisbon bridge operator to Vinci, Mota-Engil
Atlantia to sell stake in Lisbon bridge operator to Vinci, Mota-Engil   -   Copyright  Thomson Reuters 2021
By Reuters

MILAN – Italian infrastructure group Atlantia said on Monday it would sell its 17.2% stake in Portugal’s Lusoponte to Vinci and Mota-Engil, its co-investors in the company that operates two bridges over the river Tagus, in Lisbon.

French motorway and airport operator Vinci and Lineas, a company linked to Portuguese group Mota-Engil, had decided to exercise their pre-emption rights and buy out Atlantia, the Italian group said in a statement.

Atlantia, which decided in June to sell its motorway unit Autostrade per l’Italia, is reshaping its asset portfolio.

The Italian group said Vinci and Mota-Engil would buy the stake in Lusoponte pro-rata and would pay 55.7 million euros ($65.59 million) in total.

A previous contract signed to sell the operator of the Vasco da Gama bridge and the 25 de Abril bridge to MM Capital Partners will be scrapped.

($1 = 0.8493 euros)