The group Msc of the Aponte family finds 50% of the Italo trains from the infrastructural bottom American Global Infrastructure Partners (Gip). After a negotiation started before the summer, the reorganization of the Italo group comes to a conclusion in these hours.
The new corporate structure of Italo-Nuovo Trasporto Viaggiatori spa will therefore see the Swiss of MSC holding a stake around 50%, while the GIP fund passes from 72.6% to 35 percent.
The aim, says a note is to «establish a long-term strategic partnership for the future development of Italo». The remaining 50% stake in Italo will continue to be owned by GIP, which will have joint governance with MSC, with some Allianz Group entities and funds managed by Allianz Capital Partners as well as other co-investors.
The agreement, comments the group president of MSC, Diego Aponte, «demonstrates our long-standing commitment to Italy and support for high-speed rail passenger transport in the country». Moreover, he adds, «”reflects the objective of our group to further develop sustainable modes of transport, both for passengers and for goods». The completion of the transaction is subject to the usual conditions, including obtaining regulatory and competition authorisations in the relevant jurisdictions.
The transaction, according to rumors, will take place on the basis of an equity value of about 3.2 billion, net of 900 million in debt.
SOURCE: ILSOLE24ORE