- July 7, 2021
- Posted by: Stratford Team
- Category: Business
MILAN, July 7 (Reuters) – Italy’s Atlantia (ATL.MI) considers its 16% stake in German builder Hochtief (HOTG.DE) non-strategic and may sell it in the future as it gears up to rejig its investment portfolio after agreeing to sell its Italian motorway unit, three sources said.
“The Hochtief stake is not strategic .. and the group is considering getting out of the construction business in the future,” one of the sources said.
No final decision has been taken on the potential sale of Hochtief’s stake and there is no urgency, another source said.
“At the moment there are no plans to sell Atlantia’s stake in Hochtief and any future decision would take into account potential developments in partnerships and joint ventures with Hochtief, Abertis and Atlantia on new motorway projects,” a source at Atlantia said.