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Atlantia and ACS in talks over battle for Abertis

Italian motorway operator Atlantia and Spanish construction group ACS are in talks about combining forces to take over Spain’s Abertis in a potential €19bn deal. The two companies have for months been competing with each other to take over Abertis, making a series of escalating bids. But fears have been growing that the offers on the table are already elevated and a bidding war could make it more expensive.

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