We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

E.C. To Take Action Against Italy Over Toll-Road Merger

Law360 (November 7, 2006, 12:00 AM EST) -- European Union regulators have decided to take legal action against Italy for objecting to a planned $17.9 billion merger of Italian highway operator Autostrade with Spanish infrastructure company Abertis Infraestructuras SA.

E.U. Internal Market Commissioner Charlie McCreevy, who is looking to remove roadblocks to cross-border transactions among Member States, said Tuesday he planned to recommend an infringement procedure against Rome, which could land the city in court.

McCreevy said he would propose opening up a procedure against Italy in the near future to the college of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.