Autostrade, now Atlantia asks the EU commission for help: “The Italian government violates European laws and harms investors”


A letter to EU commission to accuse the government of violating European laws and hurting holding investors. The latest move by Atlantia in the battle over the revocation of the concession for Highways, owned by the company controlled by Benetton family, is a request for intervention by the European summits contained in a letter sent to the Vice President of the Commission Valdis Dombrovskis.

According to an anticipation of the Financial Times, the leaders of Atlantia complain that the rules of Milleproroghe have allowed the government to “Dramatically reduce” the compensation recognized to the group in the case of early revocation of the Autostrade per l’Italia contract and also point the finger at the change of mechanism to establish i motorway tolls. Not only that: the holding also accuses the executive of forcing it to sell its own majority stake in Autostrade a Cassa Depositi e Prestiti “To one reduced value creating a significant damage to thousands of investors Italians and foreigners “, reads the letter anticipated by the English financial newspaper.

The president of Atlantia, Fabio Cerchiai, and the CEO, Carlo Bertazzo, they asked Brussels to take “Rapid and decisive initiatives” towards the government to face what society considers one “Violation of EU rules” respect for contracts and of free market economies. Atlantia, writes the Financial Times, did not want to comment on what has been reconstructed from the newspaper, and neither the Italian government nor Dombrovskis have commented.

The newspaper specifies that the group’s decision to send the letter to Brussels came after the premier Tuesday Giuseppe Conte said that the future of Autostrade has dragged on for too long and that uncertainty must end, specifying that the last proposal of the company to save the concession of Autostrade, in the storm due to the collapse of the Morandi bridge, is “unacceptable”.

Last may 22, the holding company had convened a board of directors extraordinary to analyze the situation of Autostrade and ‘alerting’ the government that without granting the state guarantees provided by Liquidity decree He asked 1.2 billion for the concessionaire – would have reduced investment by 14 billion to 500 million of Euro. Even on that occasion, Atlantia had been talking about “Damages” suffered for “the uncertainty on the revocation” and because of the Milleproroghe. And he had warned that he had sent “sent to the Legal to evaluate all the necessary initiatives for the protection of society”.

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