Group led by Antin Infrastructure to buy Grandi Stazioni Retail for $1 billion
Italian investor Borletti Group, asset manager Icamap and specialist French fund Antin Infrastructures have successfully acquired Italy's Grandi Stazioni Retail, which leases commercial space at large rail stations. The cost of the transaction has reached €953 million (US$1.1 billion).
According to sources, this privatization, among others planned, will help reducing Italy's high public debt by granting new funds to state-owned railway company Ferrovie dello Stato, which held 60% stake in Grandi Stazioni. The remaining 40% belongs to Eurostazioni, a private investment vehicle.
The procurement, which started in November, will be completed now with both shareholders's approval.
According to sources, Ferrovie dello Stato Chief Executive Renato Mazzoncini said:
"The sale is a key step in our broader strategy to focus on our core business of infrastructure and transport."
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May 25, 2016
Update: Infracapital takes stake in Italian PPP portfolio
Infracapital, the infrastructure investment arm of M&G Investments, has made an agreement to acquire an 80% stake in a Private Public Partnership (PPP) portfolio from Societa' Italiana Per Condotte d'Acqua S.p.A (Condotte), an Italian construction company. Read more -
May 23, 2016
CIR and F2i complete the purchase of 46.7% of KOS from Ardian
Compagnie Industriali Riunite S.p.A. (CIR) and F2i Healthcare, a company controlled by the F2i Second Fund, have completed a few days ago the purchase from Ardian for €292 million (US$328 million) of 46.7% of KOS, the company of the CIR group that is one of the main national operators in the healthcare and care-home sector. The deal had been announced on March 16th.More specifically, F2i Healthcare has purchased an interest in KOS from Ardian for €240 million (US$270 million), while CIR has bought the remaining part for €52 million (US$58 million). At the same time, CIR also bought the remaining interests from management and other minority shareholders for € 33 million. As of today, therefore, the shareholding structure of KOS consists of CIR with 62.7% and F2i Healthcare with 37.3%. Read more -
May 12, 2016
Infracapital takes stake in Italian PPP portfolio
Infracapital, M&G's European infrastructure investment team, has acquired an 80% stake in a €700 million (US$797.4 million) Italian public-private partnership (PPP) portfolio from Societa’ Italiana Per Condotte d’Acqua. Read more -
April 26, 2016
Italian region tenders street lighting PPP
The Italian authority CUC Unione dei Comuni Alto Cilento, which supervises several municipalities in the region of Campania, has launched a tender process for the the public lighting PPP project development of the entire territory of Agropoli. Read more -
April 08, 2016
Allianz global investors invests in 830m Italian road refinancing
More concretely, AllianzGI has acquired a total of €400 million (US$455.6 million) of class A1 bonds, which are part of an €830 million (US$895.3 million) deal in which other Allianz entities has participated. It is expeted that more than 85% of the bond will be acquired by international AllianzGI clients outside Italy. Read more
