By Francesca Landini
MILAN, Nov 8 (Reuters) – Italian infrastructure group Atlantia ATL.MI stated it will not pay an interim dividend on Friday in a blow to buyers involved that its motorway enterprise would possibly lose its concession after a lethal bridge collapse in Genoa final yr.
Shares in Atlantia initially fell on the information that there can be no interim divided from the Benetton household managed firm, however closed up 0.8% at 22.80 euros.
Atlantia continues to be grappling with the political and judicial fallout of the collapse of a bridge operated by its Autostrade per l’Italia unit which killed 43 folks.
Italy’s authorities has threatened to revoke the motorway concession, Autostrade’s important asset, which accounts for a 3rd of Atlantia’s core income, however it’s unclear when any resolution on this shall be taken.
An inquiry into the collapse is ongoing, together with one other into allegations of a cover-up on the state of different bridges.
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