MILAN (Reuters) - Shares in infrastructure group Atlantia (MI:ATL) extended losses to fall 3% after the leader of Italy's 5-Star Movement reaffirmed his intention to revoke the company's motorway concession.
5-Star blames Atlantia's unit Autostrade per l'Italia, which runs more than 3,000 kms of roads in the country, for the collapse of a motorway bridge in Genoa that killed 43 people a year ago.
"We must do justice for the 43 victims and their families... we had a decree ready to revoke the concession and this should be done as soon as possible," 5-Star leader Luigi Di Maio said, referring to what should be the policy priorities of a new government his party is trying to form with the center-left Democratic Party.