After the Bridge collapse in Italy, the shares of motorway operators are put under enormous pressure, especially a title suffered drastic losses. One reason is the threat of a nationalization of the car.
Papers of the Atlantia group, of the motorway operator Autostrade, plunged by up to 26 percent on 17,43 Euro. Thus, they traded as low as for almost four years. Before that, the shares had been suspended for just under an hour from the trade. Shares of competitors SIAS and ASTM of up to ten percent declined.
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The Italian government makes all the operators for the disaster, with 38 deaths and wants him to withdraw the license. Italy’s Vice-Minister-President of Luigi di Maio threatened with nationalization of the highways. The company Autostrade rejected the allegation of neglect of duty.
Benetton family is behind the group
Autostrade is part of the Atlantia group, behind the Benetton family and is also not unknown in Germany. The Italian industrial family, well – known from her eponymous fashion Label – with 30 percent the largest shareholder. Last year, Atlantia reported a net profit of 1.17 billion Euro and a turnover of 5.97 billion euros. Atlantia operates according to the “bild.de” over 5000 miles of motorways, especially in Italy, where the company controls 51 percent of the transport network – but also in Brazil, India, Chile, and Poland. The Italians had allied themselves recently with the German Bauriesen Hochtief to take on the Spanish toll road operator Abertis.
The bridge on the highway that connects Genoa with the South of France, spanned a river, a commercial area and a railway. With your collapse on Tuesday, dozens of vehicles were ripped to a depth of. The cause of the disaster is still unclear.
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Causes research in Genoa
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Causes research after the Bridge collapse in Genoa
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