Global Infrastructure Partners (GIP), through its third infrastructure fund (GIP III), announced that it has entered into a binding agreement to sell a stake of approximately 50% in Nuovo Trasporto Viaggiatori S.p.A (Italo) to Mediterranean Shipping Company (MSC) in Italy.

Italo, a top European private high-speed rail operator, will now be co-owned by Global Infrastructure Partners (GIP) and MSC Mediterranean Shipping Company (MSC). GIP specializes in infrastructure investments, while MSC, with a fleet of 760 vessels, operates globally and offers comprehensive logistics services. Italo, established in 2012, connects 51 cities in Italy, serving over 20 million passengers annually with its fleet of 51 energy-efficient electric trains.