Antin Infrastructure Partners complete Grandi Stazioni Retail deal
The consortium formed by Antin Infrastructure Partners, Icamap and Borletti Group has completed the acquisition of 100% of the shares of Grandi Stazioni Retail (GSR) from Ferrovie dello Stato Italiane (60%) and Eurostazioni (40%).
GSR has the concession rights of 14 of the biggest Italian railway stations.
In early June we informed about the intentions of the team to acquire GSR. The value of the transaction was estimated at €953 million (US$1.1 billion).
Funding for the transaction has come from Natixis, BNP Paribas, UniCredit, Banca IMI, Banco Santander and Ubi.
Advisors for the consortium were: Leonardo & Co.(M&A), Gatti Pavesi Bianchi (Legal), BonelliErede (Legal), E&Y (Financial / Tax / Structuring), Why Not Factory (Commercial), AT Kearney (Commercial), REAG (Real Estate / Technical), OneWorks (Architects) and Marsh (Insurance).
The law firm Chiomenti acted as legal advisor for the lenders.
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