Atlantia says to part ways with CEO Bertazzo

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Atlantia hired Bertazzo three years ago to steer the group through a difficult phase as Italy’s government threatened to revoke a motorway concession following the deadly collapse of a bridge its toll road unit operated.

The decision comes after Atlantia, controlled by Italy’s Benetton family, in May reached an 8.2 billion euro ($8.40 billion) deal to dispose of its domestic motorway business.

It also comes as the Benetton family prepares to launch a buyout on Atlantia together with U.S. fund Blackstone (NYSE:BX).

($1 = 0.9773 euros)