Atlantia SpA

Italian infrastructure group Atlantia said on Tuesday it was ready to take part in the rescue of flagship carrier Alitalia, provided a number of conditions were met.

The board of Atlantia <ATL.MI>, which is in talks on a rescue plan for troubled carrier Alitalia, will meet again on Oct. 15 to discuss the issue, the infrastructure group said on Friday, following a meeting of its directors.

Atlantia's <ATL.MI> Spanish unit Abertis has agreed to pay 1.5 billion euros ($1.7 billion) for a majority stake in Mexican toll road operator Red de Carreteras de Occidente (RCO) as part of a drive to expand in high-growth potential countries.

Benetton-led Atlantia SpA <ATL.MI> raised government hackles on Thursday after saying it would not be able to press ahead with plans to rescue flagship carrier Alitalia as long as the risk of losing its motorway concessions hung over it.

Italian infrastructure group Atlantia has asked the country's industry ministry to radically revise the rescue plan for Alitalia if negotiations to salvage the ailing carrier are to go on, a source familiar with the matter said.

Italian prosecutors have widened an inquiry into suspected safety breaches at subsidiaries of Atlantia ATL.MI to include more employees and viaducts than they identified last month, two sources close to the investigation told Reuters.

Atlantia <ATL.MI> has picked auditor KPMG and engineering firm Ramboll Denmark A/S to conduct an audit to verify the correct application of internal procedures at its units Autostrade and Spea, the Italian infrastructure group said on Friday.

Atlantia's <ATL.MI> electronic payments business Telepass on Tuesday denied allegations by Italy's antitrust watchdog over alleged consumer discrimination.

Credit rating agency S&P downgraded Italian infrastructure group Atlantia on Friday, citing increased legal and regulatory risks following an escalation in a probe over falsified road security reports.

The Benettons ushered in a change of guard at Italian infrastructure group Atlantia <ATL.MI>, replacing its powerful CEO with a management committee, as they move to deal with fallout from a deadly bridge collapse.

Infrastructure group Atlantia will appoint an executive committee to replace long-serving Chief Executive Giovanni Castellucci who is expected to resign later on Tuesday, two sources with knowledge of the matter said.

The long-standing head of Italian infrastructure group Atlantia <ATL.MI> is ready to step down as a probe into a deadly bridge collapse snowballs, prompting its top shareholder, the Benetton family, to pull support, sources said on Monday.

Giovanni Castellucci could offer his resignation as chief executive of infrastructure group Atlantia <ATL.MI> at an extraordinary board meeting called on Tuesday, a source said on Monday.

Shares in Italy's Atlantia fell on Monday ahead of a board meeting of its top investor Edizione, which has expressed dismay at the revelations of alleged safety violations in the infrastructure group's road operations.

Edizione, the Benetton family holding company which has a controlling stake in Italian infrastructure group Atlantia <ATL.MI>, said at the weekend it was dismayed by revelations of alleged safety violations in its road operations.

Three employees of companies owned by infrastructure group Atlantia <ATL.MI> were placed under house arrest on Friday, police said, as part of an investigation into the safety of motorway viaducts following a bridge collapse in Genoa.

Italy's Atlantia said on Friday it would launch an audit to assess whether internal procedures were followed properly after employees at two of its units were arrested over allegations that safety reports on some viaducts were falsified.

Shares in infrastructure group Atlantia extended losses to fall 3% after the leader of Italy's 5-Star Movement reaffirmed his intention to revoke the company's motorway concession.

Shares in infrastructure group Atlantia <ATL.MI> extended losses to fall 3% after the leader of Italy's 5-Star Movement reaffirmed his intention to revoke the company's motorway concession.