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Atlantia said to be looking at €8 bn loan for Abertis deal

by Laura Galvagni & Marigia Mangano

Itailan tollroads group Atlantia is looking at a bridge loan of about €8 bn euros from a pool of banks including UniCredit and Intesa Sanpaolo for its planned bid for Spanish peer Abertis, according to people familiar with the matter.

The contacts between the top management of the two companies is becoming more intense to try to define a shared transaction scheme for the friendly merger that will create a colossus in the highway infrastructure sector.

Abertis, in particular, is near to agreeing on Atlantia's overall valuation of €16 billion, which would offer a premium to shareholders of 17 percent, compared to the performance of the Iberian group's shares three months ago.