Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Italy's PM says many details still missing in accord with Atlantia-paper

Published 08/14/2020, 02:14 AM
Updated 08/14/2020, 02:15 AM
© Reuters. Italian PM Conte addresses the upper house of parliament on the coronavirus disease (COVID-19) in Rome

MILAN (Reuters) - Many details are still missing in a deal between Italy's government and Atlantia (MI:ATL) to end a long-standing dispute over the infrastructure group's motorway concession, Prime Minister Giuseppe Conte said in a newspaper interview.

"We're working non-stop, even in the last few days, a lot of details still need to be hammered out," Conte told La Stampa on Friday, adding that the government was close to finalising the accord.

He said that work was ongoing to review both the terms of the concession agreement and the ownership structure of Atlantia's motorway unit Autostrade per l'Italia, adding it was important that both companies stood by all the commitments outlined in a July 14 letter.

Italy has been threatening to revoke Autostrade's motorway contract since a bridge operated by the company collapsed in August 2018 killing 43 people.

Conte ruled out that the deal could prevent the government from launching legal action against the group in the future were acts of serious negligence come to light.

© Reuters. Italian PM Conte addresses the upper house of parliament on the coronavirus disease (COVID-19) in Rome

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.