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Blackstone Weighs Bid for Italy’s Atlantia With Benetton Family

  • Private equity group in talks to team up with Benetton family
  • Infrastructure firm attracted interest from Florentino Perez

Blackstone Group Inc. is exploring a bid for Italian infrastructure company Atlantia SpA, according to people with knowledge of the matter, raising the prospect of a potential bidding war with Spanish construction tycoon Florentino Perez. 

The U.S. private equity giant is in discussions to team up with Italy’s billionaire Benetton family, which already owns 33% of Atlantia, to take the company private, said the people, who asked not to be identified as the details aren’t public. Shares of Atlantia jumped as much as 9% Wednesday after Bloomberg News reported that Perez is weighing a bid for the 15.7 billion-euro ($17.1 billion) company.