Benetton family has burnt its bridges in Italy

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Benetton family has burnt its bridges in Italy
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After several bridge collapses over the past two years, Benetton is giving up control of the company that manages Italian highways

The collapsed Morandi Bridge in the Italian port city of Genoa on August 14 2018. Picture: REUTERS/STEFANO RELLANDINITwo years after the deadly collapse of a bridge in Genoa, Italy’s powerful Benetton family is relinquishing control of the company that manages Italian highways, which will be nationalised, the government has said.

The centre-left Democratic Party was more in favour of the state taking a stake in the road-toll operator. The amount the Benetton family will get for Atlantia’s 88% stake in ASPI will depend on the price paid during the capital increase.

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