By Pierre Bertrand

Schema Alfa SpA, the investment vehicle of Italy's Benetton family and the U.S. fund Blackstone Inc., said on Thursday that it has reached the 90% threshold of Atlantia SpA's share capital for the purpose of delisting the company.

"Schema Alfa hereby reaffirms that the offer is aimed at achieving the Delisting, which it intends to implement as soon as possible in the following weeks," Schema Alfa said.

The Benetton family and Blackstone launched their buyout of the Italian infrastructure company back in April.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

November 24, 2022 02:49 ET (07:49 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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