The concession of Autostrada A31 was originally expired on 30 June 2013, which was agreed in 1999,[3] after that the company started to construct the extension from Vicenza to Rovigo in the south in 2005.
[5] On 12 October European Commission sent a formal notice (applying Article 258 of TFEU) to Italy regarding the issue (infringement procedure N° 2006/4378).
The bank had a controlling voting rights (65.92%) in Re.Consult Infrastrutture, the direct parent company of A4 Holding (R.C.I., via three companies Investire nelle Infrastrutture (IN.FRA), Compagnia Italiana Finanziaria (CIF) and Iniziative Logistiche, the latter two Intesa Sanpaolo owned 63.78% stake and 60.02% stake respectively); R.C.I.
[15] The shares of CIF and Iniziative Logistiche held by 2G Investimenti were also pledged to Intesa Sanpaolo in year 2011.
[17][18] The second largest shareholder of A4 Holding was Società delle Autostrade Serenissima (8.3732% as at 31 December 2014, increased from 1.6874000% in May 2011),[19][20] the ex-operator of Padua–Venice section of Autostrada A4 until 2009.
[25] The bank would eventually transferred the entire stake to Società delle Autostrade Serenissima in 2019 in installments.