Atlantia said Thursday that the
government's announcement that it would strip its subsidiary,
Autostrade per l'Italia, of its concession after Tuesday's
bridge collapse in Genoa was made without any verification of
the responsibility for the disaster.
"With reference to the announced beginning of the procedure
aiming at the termination of the concession of its subsidiary
Autostrade per l'Italia, Atlantia SpA notes that such
announcement was publicly communicated lacking a specific
default notice and without any verification of the material
causes of the accident," the group said in a statement.
"Whilst in case of early termination or revocation of the
concession - according to the rules and procedures provided for
the same concession agreement - an indemnification payment
equal to the residual value of the concession is due to the
concessionaire, net of any penalty if and to the extent
applicable, the modality of such announcement may have impacts
on the Atlantia shareholders and bondholders.
"Atlantia keeps supporting Autostrade per l'Italia in its
debate with the Government Institutions in such a sensitive
moment, with the aim also of protecting the interests of its
shareholders and bondholders by means of a correct and timely
information to the market".
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