The reason why Italy may not nationalise Autostrade


Bridge disaster: A file picture showing the Morandi Bridge. Di Maio and Transport Minister Danilo Toninelli have been threatening Atlantia, the parent company of Autostrade with nationalisation of Italian toll roads after the bridge collapse. — Reuters

Its debts may swell to US$11bil if licence of highway operator is revoked

LONDON: Italy’s sovereign debt may swell by as much as €9.4bil (US$10.8bil) if the government goes ahead with plans to nationalise the toll roads run by Atlantia SpA’s unit Autostrade per l’Italia SpA.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Italy , toll , roads

   

Next In Business News

Chin Hin taps Ajiya for two-year RM250mil loan
MI Technovation posts three-fold surge in net profit
Inari switches gear to remain relevant
InNature diversifies into the F&B industry
New capacity in the pipeline
Yinson’s RM16bil debt too big to ignore
Leap in operating income for UOB’s retail banking
Paramount emerges as major shareholder in EWI
Coordinated approach crucial to strengthen SMEs
CIMB Securities eyes larger market share

Others Also Read