MILAN The Italian government has launched a new attempt to break a stalemate with Benetton-led Atlantia over the group's motorway concession, but a solution to the long-running dispute remains elusive, three sources said on Wednesday.
MILAN/BRUSSELS Infrastructure group Atlantia has asked the European Commission to intervene in a political dispute over its motorway concession, accusing the Italian government of breaching EU law in an escalating two-year row.
MILAN Italian infrastructure group Atlantia swung to a net loss in the first quarter as the impact of the coronavirus crisis compounded fallout from a prolonged political dispute over its motorway concession.
MILAN Infrastructure funds F2i and Macquarie are jostling for position over an investment in Italy's Autostrade as pressure mounts on Benetton-backed Atlantia to loosen its grip on the motorway group to end a standoff over its concession, two sources said.
MILAN Campari is testing selling Aperol in China as the Italian spirits group looks to its photogenic orange-flavoured aperitif to revive sales hit by the coronavirus pandemic.
MILAN Helicopter and jet makers are turning to digital technology so customers can inspect their big-ticket purchases remotely before taking delivery, as they strive to push through deals paralyzed by the coronavirus pandemic and bring in much needed cash.
MILAN Benetton-backed Atlantia has hit out at comments by a member of government calling for its motorway unit to be barred from a state-backed loan needed to prop up business, a move that could stoke an ongoing row over its motorway concession.
MILAN State-controlled Poste Italiane said it would miss its targets for the year after reporting a 29% fall in first-quarter operating profit on Wednesday.