Apollo and Toto May Make Offer for Atlantia Highway Unit, Papers Say
Bloomberg 2 hrs ago Vernon Silver
(Bloomberg) Apollo Global Management Inc. and Toto Holding SpA may offer to buy control of Atlantia SpA’s Italian toll-road unit, La Stampa and other Italian newspapers reported Sunday.
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The U.S. investment firm and Italy’s Toto want to jump back into the running for control of Autostrade per l’Italia SpA following the move Friday by Spanish construction company Actividades de Construccion y Servicios SA to reaffirm its own interest in buying the unit, La Repubblica said, citing “financial sources.”
European Shares Subdued On Weak Data
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks were subdued on Friday, with signs of rising inflation in China as well as weak industrial production data from Germany and France, the euro area s two largest economies, denting sentiment.
The downside remained capped after the U.S. Federal Reserve repeated its pledge that monetary policy will likely remain unchanged for the foreseeable future.
The pan European Stoxx 600 was marginally lower at 436.45 after rising 0.6 percent in the previous session.
The German DAX slid 0.1 percent and the U.K. s FTSE 100 dropped 0.3 percent, while France s CAC 40 index edged up 0.1 percent.
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Our transportation desk is taking shape. Two new reporters, Aria Alamalhodaei and Rebecca Bellan started Monday and have already provided some new and interesting coverage. Tamara Warren, a former editor at The Verge who has been writing about automotive and tech for two decades, reviewed the Aston Martin DBX. This week, Abigail Bassett, a World Car Juror and former CNN producer who writes about cars, tech, business pretty much everything break down the new VW ID. 4.
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