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Benetton Family in Talks With GIC, CRT About Atlantia Bid

The billionaire Benettons, the biggest shareholders in Italy’s Atlantia SpA, are in talks with the company’s other long-term investors about involving them in the family’s plan to buy out and de-list the infrastructure giant in what could be one of the biggest deals of the year, people familiar with the matter said.

The family’s Edizione Srl holding and Blackstone Group Inc., who’ve joined forces for a full takeover bid on Rome-based Atlantia, are in talks with Singapore sovereign fund GIC Pte and Fondazione Cassa di Risparmio di Torino on investing in a new company they plan to set up for the deal, said the people, asking not to be named because the talks are private. The funds are nearing a decision on joining the bid, the people said. GIC and Fondazione CRT own a combined 13% of Atlantia.