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Italy Illegally Blocked Autostrade-Abertis Deal: E.C.

Law360 (January 31, 2007, 12:00 AM EST) -- The European Union’s antitrust watchdog stepped up its campaign against the Italian government Wednesday, saying it broke E.U. law when it sabotaged a foreign takeover of Italy’s top toll-road operator.

The European Commission gave Rome a deadline of 15 working days to respond to its “preliminary” finding that Italy wrongfully blocked Spain’s Abertis Infraestructuras SA from taking over Italian rival Autostrade SpA.

The move puts Brussels just one step away from launching a potential legal action against Rome over the way it derailed the $17.9 billion...
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