An Italian judge on Friday acquitted Autostrade CEO Giovanni Castellucci in a case regarding a 2013 accident that killed 40 people on a motorway run by the company.
Prosecutors had asked for a jail sentence of 10 years for Castellucci, who is also chief executive of Benetton-controlled infrastructure group Atlantia, reports Reuters..
Castellucci has already said he will be stepping down as CEO of Autostrade after a 13-year tenure.
The 59-year old manager is also under investigation for multiple manslaughter after a bridge operated by the company collapsed in Genoa in August, killing 43 people.
After the Genoa disaster, the Italian government blamed Autostrade for poor maintenance of the viaduct and threatened to revoke all of Autostrade’s motorway concessions in the country.
The company, which runs 3,000 km of toll roads across Italy, generates more than 60 percent of Atlantia’s core earnings.
© 2017 - All Rights with The Financial Express