MILAN (Reuters) - The board of infrastructure group Atlantia (MI:ATL) has given a mandate to its CEO and Chairman to draft a letter, together with tollroad unit Autostrade, with an improved proposal to settle a dispute over its motorway concession with the government, a source close to the matter said.
In the proposal Atlantia, which owns 88% of Autostrade, will say it is open to cutting its stake in the unit below 50% to make room for a state-backed investor, the source added.
Atlantia declined to comment.