Atlantia SpA

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.

Infrastructure group Atlantia <ATL.MI> was one of the few companies listed on Milan's main stock index to end with gains on Friday as a possible breakdown in the government reduced the chances it could lose its lucrative motorway concession.

Shares in Italian infrastructure group Atlantia <ATL.MI> rose more than 2% on Friday as a possible breakdown in the government was seen as lessening the prospect it could lose its lucrative motorway concession.

Italian infrastructure group Atlantia said its core profit doubled in the first half to 3.55 million euros, boosted by the purchase of Spanish motorway group Abertis.

Italy's tax police have seized board-meeting minutes from infrastructure group Atlantia whose toll-road subsidiary operated the Genoa bridge that collapsed last year, a company spokesman said on Wednesday.

-- Note: Reuters has not verified this story and does not vouch for its accuracy

Italy's state railway Ferrovie dello Stato picked motorway operator Atlantia <ATL.MI> as a partner to join a consortium of investors for the rescue of national carrier Alitalia, Ferrovie said on Monday.

Italian infrastructure group Atlantia <ATL.MI> and three other potential investors have submitted expressions of interest to join a consortium for the rescue of ailing Italian airline Alitalia, a government minister said on Sunday.

Italian Economy Minister Giovanni Tria said on Friday he hoped infrastructure group Atlantia would buy a stake in Alitalia, the troubled airline company the government is struggling to rescue.

Italy's Economy Minister Giovanni Tria said on Friday he hoped infrastructure group Atlantia would buy a stake in Alitalia, the troubled airline company the government is struggling to rescue.