Atlantia says hits "concrete difficulties" in talks on Autostrade split

Credit: REUTERS/YARA NARDI

Italy's Atlantia said on Tuesday it had encountered "concrete difficulties" in talks with state lender Cassa Depositi e Prestiti over CDP's planned investment in its Autostrade per l'Italia and was studying alternative options.

MILAN, Aug 4 (Reuters) - Italy's Atlantia ATL.MI said on Tuesday it had encountered "concrete difficulties" in talks with state lender Cassa Depositi e Prestiti over CDP's planned investment in its Autostrade per l'Italia and was studying alternative options.

The infrastructure group is considering the sale of its entire stake in Autostrade through a competitive auction or the demerger of the motorway unit into a separate vehicle to be listed on the stock exchange, it said in a statement.

The group controlled by the Benetton family plans an extraordinary board meeting on Sept. 3 to vote on splitting Autostrade, one of the pillars of a preliminary deal reached last month with the government to end a bitter dispute on the unit's motorway concession.

(Reporting by Francesca Landini; editing by James Mackenzie)

((francesca.landini@thomsonreuters.com; +39 02 66129437; Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))

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