A consortium led by Cassa Depositi e Prestiti, an investment company, completed the acquisition of an 88% stake in Autostrade per l’Italia, a motorway unit of Atlantia, a company engaged in engages in toll road and airport management and operates in Italian motorways, for $8.66bn. Other bidders include Macquarie and Blackstone. CDP Equity owns 51%, Blackstone Infrastructure Partners and funds managed by Macquarie Asset Management holds 24.5% each in Autostrade per l’Italia. On April 8, 2021, ACS Group offers to acquire an 88% stake in Autostrade per l’Italia from Atlantia for €10bn. On May 18, 2021, Glass Lewis, a proxy adviser, recommended investors in Atlantia to back an offer by a consortium led by Italian state-lender CDP.