ROME - Atlantia’s motorway unit Autostrade per l’Italia has made the Italian government a new offer to settle a long-running dispute and prevent its concession being withdrawn, sources familiar with the matter said on Tuesday.
Autostrade’s last-ditch offer, presented as ministers gathered for a late night cabinet meeting to discuss the matter, would see Benetton-backed Atlantia eventually bow out of Autostrade, the sources said. Prime Minister Giuseppe Conte judged some aspects of the offer to be still insufficient, a government source said.
Fondazione CRT, which owns nearly 5% of Atlantia , and a key foreign shareholder in Autostrade per l’Italia said the government could scare off foreign investors if it revoked the concession.
That is a hell of a toll road--Italy to Atlanta. What would that cost $450 one way?
Not a chance
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