Activist TCI lodges complaint against Italy with European Commission over Atlantia

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TCI, an investor in Atlantia, said in its complaint that Italy’s order that Atlantia sell down its stake in Autostrade “seriously threatened the fundamental principles of the EU Capital Market Union”.

In a separate letter sent to the Italian Treasury on Wednesday, TCI said the government’s actions have caused “significant losses” to international investors.

“The Italian government has repeatedly violated the principles of legal certainty, legitimate expectations and proportionality which are all key pillars of the Italian Constitution and the European Union,” said the letter seen by Reuters.