UPDATE 1-Italy’s Benettons appoints the chairman of a new holding company in a road dispute with the government | Instant News


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ROME, November 22 (Reuters) – Italy’s Benetton family has ousted Gianni Mion as head of its parent company Edizione, replacing him with well-connected business professor Enrico Laghi, the company said on Sunday, while trying to resolve a long-running dispute. above its toll road unit.

The wealthy family, who own 30% of the Atlantia infrastructure group, have been embroiled in a feud with the Italian government since a bridge in Genoa run by highway operator Atlantia Autostrade per l’Italia collapsed in 2018, killing 43 people.

Laghi will oversee Edizione in relation to the companies he invests in including Atlantia – which controls Autostrade – Autogrill, and others.

His appointment will be formally approved by Edizione’s shareholder meeting on November 30, the company said in a statement.

Mion was reappointed last July to serve a three-year term as chairman of Edizione, but relations between the family and their veteran advisers have soured as negotiations with the government over the future of the Autostrade have struggled to make progress.

Rome has threatened to revoke Autostrade’s license since the bridge disaster and has put the Benettons under pressure to sell their stake in the unit to make room for state-backed investor Cassa Depositi e Prestiti (CDP).

Laghi, who was once a temporary administrator for ailing national airline Alitalia and has strong ties to the CDP, could help broker the deal, sources told Reuters on Saturday.

Talks between Atlantia and a consortium of investors led by the CDP have dragged on for weeks, and got complicated this month when former Atlantia and Autostrade chief Giovanni Castellucci was placed under house arrest during an investigation into the Genoa disaster. (Reporting by Gavin Jones, editing by Francesca Landini and Barbara Lewis)

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