translated from Spanish: How to lose $2 billion in record time, the Benetton can explain it

the consequences of the disaster of the Genova bridge erased nearly $2 billion dollars of net worth of one of Italy’s wealthiest families.
The Benetton group controls the 30.25 percent of Atlantia SpA, the construction company and owner of Turnpike who operated the Morandi bridge that collapsed on Tuesday, killing at least 43 people. The participation of Atlantia is its largest single asset, comprising more than one third of his fortune of $13.3 billion, according to the index of billionaire Bloomberg.
A spokesman for Benetton did not respond immediately to an e-mail seeking comment.
The actions of the manufacturer with headquarters in Rome plunged 26 percent to a minimum of four years after the tragedy as the Government moves to begin the process of termination of the concession of the company. The family has offered aid to help the victims of the disaster and support transit links interrupted while repairing Autostrade per l’ Italy SpA, the division of tolls of Atlantia, has established an initial 500 million euros ($ 574 Fund million) for compensation of victims and reconstruction.
The retailer of fashionable logo of the family, which originated from a unique point shop founded the brothers Luciano, Giuliana, Gilberto, the deceased Carlo in the 1950s, is now one of about a dozen of assets owned by the company of inve ficial family, Edizione Holding SpA.
Including Atlantia, the family controls actions of 9,300 million of dollars in companies that are publicly traded, including 3 per cent of Assicurazioni Generali SpA and 29.9 per cent of Cellnex Telecom SA of Spain. They also possess assets of nearby property, as Argentine farmlands and the team of rugby of Treviso.
Its portfolio has helped them to build one of the largest personal fortunes in Italy. Only a handful of families and individuals, including the producers of chocolate Ferreros, Luxottica Group SpA, Leonardo de el Vecchio, founder and CEO of Walgreens Boots Alliance Inc., Stefano Pessina, are richer.

Original source in Spanish

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