Italy’s Reway Group Is Said to Be Weighing Strategic Options

Reway Group SpA, an Italian highway maintenance company, has hired Mediobanca as an adviser to weigh strategic options, according to people familiar with the matter.

Reway has held preliminary discussions with potential suitors and investment firms, though there’s no certainty they will lead to a deal, the people said, asking not to be named as they are not authorized to speak publicly.

Options under consideration include a potential sale or partnerships, the people also said. Reway, which listed on the Italian Stock Exchange in March 2023 and has a market value of €245 million ($252 million), is looking for ...