Toll road operator Abertis´headquarters is seen in Barcelona, Spain, October 9, 2017. REUTERS/Eric Gaillard
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Italian toll-road group Atlantia's 17 billion euro ($20 billion) bid for Spain's Abertis is set to win EU approval, sources said Tuesday, clearing another hurdle to getting the long-awaited deal done unless a counter-bid emerges.Atlantia's shares were down 1.1 percent at 27.46 euros at 1406 GMT. Shares in ACS, which declined to comment, were down 1 percent at 30.51 euros while shares in Abertis were down 0.1 percent at 17.33 euros.Atlantia is offering 16.50 euros in cash or 0.697 Atlantia shares for each Abertis share. Back in May the deal was worth just over 16 billion euros but Atlantia's shares have risen 12 percent since then.
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