The Italian government is holding off on responding to an offer by Atlantia to c...
) to cut its holding in motorway unit Autostrade per l’Italia below 50% to resolve a dispute over its operating licence and wants the group to go further, two sources said.
With the government threatening to revoke the concession, last week the infrastructure group wrote offering to cut its 88% stake in Autostrade to under 50%. It has so far received no answer, the sources, who have knowledge of the matter but spoke on condition of anonymity, said. The ruling coalition, which has struggled to reach a common position among its different partners, would not backtrack on either a new tariffs mechanism or new rules for the concession, the government source said.
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