Atlantia SpA is in talks to acquire 64% stake in Gemina SpA, sources with direct knowledge of the situation told Reuters. The companies are controlled by Sintonia S.A. and the tie-up would help ADR roll out a €2.5 billion investment plan to re-launch its Fiumicino airport by giving it better access to capital markets, the sources said. The deal could be reportedly paid in cash or shares, according to the sources.

The deal is reported to be valued at around €1 billion. "Parameters will be defined by the end of January," said one of the sources. "There could be a public tender offer for Gemina or a share swap.

There are two or three options.” A second source said: “It is reasonable to think that a board meeting will be held in February (to discuss the deal).” On January 8, 2013, Gemina shares were up 8% and shares in Atlantia were down 0.3%.