Macquarie, Italian bank may bid for Rome Airport

Australia’s Macquarie Airports and Italian bank Intesa Sanpaolo SpA may join up for a friendly bid for Gemina SpA, which indirectly holds 51% of Rome airports operator Aeroporti di Roma, Il Sole-24 Ore reports Tuesday. Macquarie holds 45% of Aeroporti di Roma, and disagrees with Gemina shareholders over strategy. The bid would enable the two sides to overcome their dispute, the paper says. Some of the Gemina shareholders would reinvest the proceeds from the Macquarie offer into Aeroporti di Roma, the paper says.

Concerned about the developments, Infrastructure Minister Antonio Di Pietro has called a meeting with Macquarie and Gemina executives, the paper says.