Italy state bank approves revised bid for Autostrade

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The Italian state lender Cassa Depositi e Prestiti has been given the green light to a revised offer for Atlantia's motorway unit, two sources close to the matter said.

The revised proposal still values Autostrade at 9.1 billion euros but includes a ticketing fee in favour of the seller, said one of the sources.

Potrivit to sources, the proposal led by CDP and investing partners Macquarie and Blackstone will be sent to Atlantia later on Thursday.

The board of Atlantia is expected to review the offer on Friday and bring it to a shareholders meeting at the end of May.

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