Atlantia SpA dismissed as baseless press reports with details of its planned takeover of Gemina SpA, in a deal seen worth around €1.1 billion. Reuters reported that the transaction would take place in the form of a share swap, and may not include a cash component. "In response to press speculation and rumors regarding a potential combination with Gemina, Atlantia wishes to reiterate that evaluation of the transaction is an at early stage.

There is no basis for any assumption regarding the eventual share swap ratio to be proposed to Gemina shareholders,” Atlantia said.