By Giuseppe Fonte
ROME (Reuters) – Italy is ready to revoke motorway unit Autostrade per l’Italia’s (ASPI) lucrative concession if its parent company Atlantia fails to agree a deal over ASPI’s future by Wednesday, a government source familiar with the matter said on Sunday.
Infrastructure group Atlantia, which is controlled by the Benetton family, has been embroiled in a legal dispute with Rome since the deadly collapse of a bridge in Genoa run by ASPI in 2018.
The government has been threatening to strip ASPI of its concession. The dispute appeared to have been resolved on July 14 when Rome approved a plan that would see Atlantia cede control of Autostrade to state lender Cassa Depositi e Prestiti (CDP).
But the parties have failed to hammer out a deal that