MADRID (Reuters) – Spanish construction company ACS said on Wednesday it has an exclusive agreement with two investment funds, GIP and Brookfield, for the potential acquisition of a majority stake in the highway business of the Italian infrastructure company Atlantia.
It said in a statement it had not yet made a decision.
Earlier on Wednesday, shares in Atlantia surged almost 9% after Bloomberg News reported the company chaired by Spanish tycoon Florentino Perez, was weighing an offer for the Italian roads and airports group in which the Benetton family is a major investor.
(Reporting by Jesús Aguado, Corina Pons, Belén Carreño in Madrid and Francesca Landini in Milan; Editing by Chris Reese)
