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Industrials

Italy will not compensate Atlantia to end concession early-minister

MILAN, July 3 (Reuters) - The Italian government would not compensate infrastructure group Atlantia for an early termination of its motorway concession, Transport Minister Danilo Toninelli told Radio 1 on Wednesday.

Atlantia, which is controlled by the Benetton family, is under siege from leaders of the anti-establishment 5-Star party who blame the company for a bridge collapse that killed 43 people last year and accuse it of neglecting maintenance.

Toninelli said his 5-Star Movement party would propose revoking in full Atlantia’s concession at a cabinet meeting after discussions on the issue take place in the next few days.

“We won’t pay a cent,” Toninelli said, adding a compensation clause was void.

Reporting by Francesca Landini, editing by Valentina Za

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