By Giulia Petroni
Atlantia SpA said late on Friday that toll-road operator Autostrade per L'Italia, or ASPI, and the Italian transport ministry have reached a deal to end a dispute over the fatal collapse of a bridge in Genoa.
The Italian infrastructure operator confirmed that it will have to pay 3.4 billion euros ($3.94 billion) to settle the dispute. Its subsidiary ASPI was the operator of the Morandi bridge that collapsed in August 2018, killing 43 people.
Earlier this year, Atlantia signed an agreement to sell its 88% stake in ASPI to a consortium led by CDP Equity SpA, the holding company of Italian state lender Cassa Depositi e Prestiti SpA.
Atlantia also said it has been informed by the consortium acquiring the stake in ASPI that it wouldn't have to launch a bid for Autostrade Meridionali as a result of the settlement.
Write to Giulia Petroni at giulia.petroni@wsj.com