Adds particulars, background ROME, Nov 22 (Reuters) - Italy
Adds particulars, background
ROME, Nov 22 (Reuters) – Italy’s Benetton household has ousted Gianni Mion as head of its holding firm Edizione, changing him with well-connected enterprise professor Enrico Laghi, the corporate mentioned on Sunday, because it tries to resolve a long-running dispute over its motorway unit.
The rich household, which owns 30% of infrastructure group Atlantia ATL.MI, has been embroiled in a feud with the Italian authorities since a bridge in Genoa managed by Atlantia’s motorway operator Autostrade per l’Italia, collapsed in 2018, killing 43 folks.
Laghi will supervise Edizione in its ties with the businesses it invests in together with Atlantia ATL.MI – which controls Autostrade – Autogrill, and others.
His appointment shall be formally authorised by an Edizione shareholders’ assembly by Nov. 30, the corporate mentioned in an announcement.
Mion was reappointed final July to serve a three-year time period as Edizione chairman, however relations between the household and their veteran advisor have soured as negotiations with the federal government over the way forward for Autostrade have struggled to make progress.
Rome has been threatening to revoke Autostrade’s licence for the reason that bridge catastrophe and has put the Benettons underneath stress to promote their stake within the unit to make room for state-backed investor Cassa Depositi e Prestiti (CDP).
Laghi, who as soon as served as non permanent administrator for ailing nationwide airline Alitalia [RIC:RIC:CAITLA.UL] and has robust hyperlinks with CDP, might assist to dealer a deal, sources instructed Reuters on Saturday.
Talks between Atlantia and a consortium of buyers led by CDP have dragged on for weeks, and had been difficult this month when Atlantia’s and Autostrade’s former chief Giovanni Castellucci was put underneath home arrest in an investigation linked to the Genoa catastrophe.
(Reporting by Gavin Jones, modifying by Francesca Landini and Barbara Lewis)
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