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Atlantia to acquire Pune-Solapur RDC for $196m.

Synopsis

Atlantia, a road development company, to acquire Pune-Solapur Road Development Company, a toll road operator, for $196m. Atlantia is trying to strengthen its presence in the Indian subcontinent. The group is actually tendering for the infrastructural assets of Il&Fs group. The holding of Benetton family would be in pole position together with Singaporean Cube Highways in the tender process, which is still going in, for the infrastructures put up for sale by the Indian government; it has acted by using the law governing the public interest activities when the Il&Fs recorded financial default, in 2018.

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