Bennetton´s ready for bidding war

Bennettons ready for bidding war
ON THE ROAD: Cars approach toll booths operated by Abertis Infraestructuras SA Photo credit Twitter

ITALIAN company Atlantia – owned in part by the Benetton family – is preparing to raise its bid for Spanish toll-road operator Abertis Infraestructuras SA and “has the cash” for a prolonged battle with Real Madrid Chairman Florentino Perez, according to the company’s chief executive officer.

“We have enough financial resources to sustain an eventual bidding war,” Atlantia CEO Giovanni Castellucci said in an interview. Though the Rome-based infrastructure company seeks to compete successfully to win control of Abertis, higher offers “won’t reach any irrational point,” the executive said.

“The offer we presented in May was not our reservation price and we have room for improvement, ” Castellucci said. “We’re going forward to make the best possible offer.”

Four members of the Italian Benetton Family founded the Benetton Group fashion company in 1965. The three brothers and one sister were all born in Treviso, Veneto, Italy and their father owned a bicycle shop.

The Bennetton family control a number of other businesses including 30 per cent of Atlantia– an operator of nearly two-thirds of Italy’s motorways and 60 per cent of Autogrill– a chain of roadside restaurants. They also have investments in the hotel industry including the Hotel Monaco & Grand Canal in Venice, Italy.

© No part of this web site may be reproduced without written permission from the publishers. All rights reserved. Todos los derechos reservados.


Please enter your comment!
Please enter your name here

We welcome comments from readers on our website and across our social networks. We invite you to discuss issues and share your views and we encourage robust debate and criticism provided it is civil.

However we reserve the right to reject or edit comments that:

• Contain offensive language
• Include personal attacks of any kind
• Are likely to offend or target any ethnic, racial, nationality or religious group
• Are homophobic, transphobic, sexist, offensive or obscene
• Contain spam or include links to other sites
• Are clearly off topic
• Impersonate an individual or organisation, are fraudulent, defamatory of any person, threatening or invasive of another’s privacy or otherwise illegal
• Are trolling or threatening
• Promote, advertise or solicit the sale of any goods or services

You grant us a non-exclusive, royalty-free, perpetual, worldwide licence to republish any material you submit to us, without limitation, in any format.