July 15, 2020 / 10:30 AM / a month ago

First step in Atlantia losing control of motorway unit to happen by Sept - minister

ROME, July 15 (Reuters) - Benetton-led Atlantia will lose its 88% stake in Autostrade per l'Italia unit in one year, with the first step of this multi-staged process happening by September, Italy's industry minister said on Wednesday.

At the end of an all-night cabinet meeting, Italian infrastructure group Atlantia agreed to gradually exit from its motorway unit, making room for state lender CDP, to settle a dispute over its highway concession. (Reporting by Giuseppe Fonte, writing by Francesca Landini)

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