Benetton family, funds support Atlantia's push to amend Autostrade deal

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Investors in Atlantia , including Italy's wealthy Benetton family, lined up on Wednesday to back a surprise move by the infrastructure group to amend a deal with the government over its Autostrade per l'Italia unit.

), including Italy’s wealthy Benetton family, lined up on Wednesday to back a surprise move by the infrastructure group to amend a deal with the government over its Autostrade per l’Italia unit.

Late on Tuesday, Atlantia said it had run into difficulties reaching agreement with state lender Cassa Depositi e Prestiti over the value of Autostrade under a government-backed plan in which CDP would take control of the unit as a first step to an eventual listing. It would consider the Autostrade stake that it would receive under the spin-off as a non-strategic asset and would sell the shares at market conditions, it said.

 

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