Eight investment banks advising on the $27.4bn (€20.7bn) takeover bid by Spain's Abertis for Italian toll road operator Autostrade will miss out on a fee pot worth about $80m after the deal collapsed this morning.
The companies released a joint statement after the boards met at 08:00 GMT. They said regulatory hurdles made it "impossible to proceed with the merger as approved by shareholder meetings June 30".
