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Atlantia, Italy government to lock horns

Bloomberg The Italian government is on the verge of outright battle with the company that operates more than half of the nation’s run-down toll roads. After Giuseppe Conte’s administration provisionally approved rules on the revocation of highway concessions, Autostrade per L’Italia said lthey appeared “unconstitutional and contrary to European norms.” The company, controlled by Atlantia SpA, whose largest investor is ...

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Germany expects gas pipeline delay before completion

Bloomberg The Nord Stream 2 gas pipeline should be completed in the second half of next year, despite the US sanctions that prompted one of the companies involved to halt operations, although costs will rise, a senior German official said. Switzerland’s AllSeas Group SA removed vessels that were laying the last section of the pipeline connecting Russia with Germany, which ...

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Alphabet’s Pichai awarded $242mn pay package

Bloomberg Sundar Pichai is getting a hefty pay raise. The new Alphabet Inc. chief executive officer (CEO) will receive $240 million in stock awards over the next three years if he hits all of his performance targets, as well as a $2 million annual salary beginning in 2020, the firm said in a filing. If Alphabet shares outperform the S&P ...

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