Financial close achieved for Monselice hospital in Italy
UniCredit, Banca IMI and UBI Banca will provide the €36.2 million to finance Este Monselice hospital in Italy. The main sponsors for the project are FONDACO, Gemmo and Consorzio Cooperative Costruzioni (CCC).
Euganea Sanità , the project company in charge of the developement of the new heathcare complex, has just received the first installment of €13 million payment for the building of the new area in northeast Italy.
Gemmo has a 9,75% share and will take care of technological systems inside the huge new complex.
The hospital is located not far from the Southern side of Colli Euganei, in the Province of Padova, in an area of approximately 257,000 square meters. It has three main buildings of 114.000sq.m, overall, including units for diagnosis, treatment and hospitalization with a 410 beds capacity and 27 operating rooms.
The project will replace four smaller, less efficient units in the area north of Padua.
The project total investment is €108.8 million. According to sources, the loan term is 25 years.
Fondaco has a €120 million closed-end fund registered in Italy with a duration of 12 years, which invests in infrastructure Public-Private Partnership schemes and in projects for energy generation from renewable sources.
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November 25, 2013
Two highway concessions awarded in Italy
Two highway concessions were awarded last week in the Italian region of Veneto, the contracts for the Medio Padana Veneta Nogara - Mare Adriatico highway and the S.R. 10 "Padana Inferiore" highway. Read more -
December 10, 2013
F2i and Ardian acquire minority stake in Italian gas network
Last Friday, Enel SpA and Enel Distribuzione SpA signed an agreement with F2i SGR SpA, Ardian and F2i Reti Italia Srl for the sale of a 14.8 % stake held by Enel Distribuzione in Enel Rete Gas SpA. Read more -
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Ardian buys stake in F2i infrastructure fund
Ardian, formerly AXA Private Equity, has announced the acquisition of Bank of America Merrill Lynch's interest as financial sponsor of F2i, a specialist in strategic infrastructure investments in Italy. The deal, which bolsters Ardian's collaboration with F2i, was closed yesterday in Milan. Read more -
December 26, 2013
Financial close reached for Milan Eastern Bypass
The Tangenziale Esterna Spa, the concessionaire responsible for designing, implementing and managing for 50 years the Milan Outer Eastern Bypass (Tangenziale Est Esterna di Milano - TEEM), has reached financial close for the project. Read more -
December 27, 2013
UniCredit acquires minority stake in ERG Renew
Italian energy developer, ERG Renew, has signed an agreement with UniCredit whereby the bank will enter the ERG Renew shareholder body via the acquisition of a minority stake corresponding to an equity interest of 7.14%, valued at €50 million, through a reserved capital increase. Read more
