Atlantia stock price testing resistance as company extends deadline for its motorway businesses

Shares of Atlantia S.p.A. (MIL: ATL) are trading near the key resistance line as the company prepares to discuss potential offers for its motorway business Autostrade per l’Italia. Fundamental analysis: Options to be discussed Italian transport company Atlantia scheduled a board meeting in December to look at potential bids for its motorway business Autostrade. The management will also hold a meeting with shareholders to talk about the demerger of the unit. This move would buy some time for Italy’s investment bank CDP and co-investors to come up with an offer for Autostrade after they told Atlantia they were not ready