Francesco Cavallo has resigned as
chairman of the board of Centostazioni, the firm said in a note
Thursday. Cavallo, who was appointed February 18, was arrested
Monday in connection with a probe into graft in major public
works. He resigned Wednesday, the company said. Centostazioni
was set up to refurbish, develop and manage 103 medium and large
train stations. It is 60% owned by Ferrovie dello Stato public
railway company and the remaining 40% is held by Archimede,
which in turn is held by airport operator SAVE S.p.A.
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