July 2, 2019 / 1:56 PM / 2 months ago

Italy's Di Maio says Atlantia's concession can be revoked unilaterally

FILE PHOTO: 5 Star leader and Italian Deputy Prime Minister Luigi di Maio presents his EU election program in Rome, Italy, May 2, 2019. REUTERS/Yara Nardi

ROME (Reuters) - Italian Deputy Prime Minister Luigi Di Maio said on Tuesday all the conditions were in place for the government to revoke unilaterally infrastructure operator Atlantia’s (ATL.MI) motorway concession.

Atlantia is under pressure after a motorway bridge it operated collapsed last year, killing 43 people. Di Maio wrote in a post on Facebook that the government aimed to punish the firm, saying it had the right to strip the company of its lucrative toll road concession.

In a draft report seen earlier by Reuters, experts appointed by the transport ministry said a unilateral revocation was possible but legally risky.

Atlantia has denied any wrongdoing.

Reporting by Angelo Amante; Editing by Crispian Balmer

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