Italy's Atlantia confirms intention to split away motorway unit from group

Credit: REUTERS/YARA NARDI

Italy's Atlantia confirmed its willingness to separate its motorway unit Autostrade per l'Italia from the rest of the group, denying a news report saying it had changed its plans.

MILAN, Sept 21 (Reuters) - Italy's Atlantia ATL.MI confirmed its willingness to separate its motorway unit Autostrade per l'Italia from the rest of the group, denying a news report saying it had changed its plans.

The separation of Autostrade will happen either through the direct sale of Atlantia's 88% stake in the unit or through the creation of a new company that will own the Autostrade stake and will then be listed on the stock exchange, the group controlled by the Benetton family said in a statement on Monday.

(Reporting by Francesca Landini, editing by Giulia Segreti)

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

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