July 31, 2020 / 5:41 PM / 3 days ago

Italy calls new meeting on Aug. 5 to sign settlement deal with Autostrade

FILE PHOTO: A view of the Autostrade per l'Italia headquarters in Rome, Italy, July 21, 2020. REUTERS/Yara Nardi/File Photo

MILAN (Reuters) - Italy’s government said on Friday it had scheduled a new meeting with infrastructure group Atlantia’s tollroad unit for Aug. 5 to sign a comprehensive accord to settle a two-year long dispute over its motorway concession.

Commitments required from Autostrade per l’Italia, including a 3.4 billion euro compensation package, were detailed at a meeting on Friday, the government said.

Autostrade, 88% owned by Benetton-backed Atlantia, has been at loggerheads with Italy’s government since a bridge it operated collapsed in August 2018 killing 43 people.

The accord to be signed on Wednesday includes a corporate overhaul with Atlantia’s controlling shareholder the Benetton family selling down its stake to make room for state lender CDP.

Reporting by Francesca Landini, writing by Valentina Za

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below