F2i Sgr and Ania, the National Association of Insurance Companies, announced the acquisition of a majority stake in Compagnia Ferroviaria Italiana S.p.A., the leading independent operator in Italy in rail-freight transport. This is the first deal performed by the new ANIA F2i Fund, the fourth fund managed by F2i Sgr, and involves the acquisition of 92.5% of the share capital.
With Compagnia Ferroviaria Italiana (CFI), F2i is adding a new sector into the infrastructure it already invests in: rail transport is an addition to ports, airports, motorways, energy distribution networks, renewable energy, telecommunication networks and services, health and social care facilities, for a total of 19 managed companies with 19 thousand employees.
Compagnia Ferroviaria Italiana, the leading independent in rail-freight transport in Italy Compagnia Ferroviaria Italiana is the leading independent operator in rail-freight transport in Italy and the third in terms of turnover. The market in Italy is dominated by Mercitalia, a division of Ferrovie Dello Stato that, after the liberalization in 2008, saw its market share falling from 100% to 52% now. In terms of size Mercitalia still ranks first and is followed by Captrain (a subsidiary of the French railway company SNCF) and then by CFI. CFI was founded in 2007 and it now operates about 170 trains per week, which reliably connect the main production areas of the country, from North to South. It has some of the largest Italian companies among its customers base with approximately 230 employees. Over the years, the Company has specialized in providing services to the steel, automotive, and agri-food sectors, through the design and realization of complete trains (assembling, testing, drive, and marshaling of trains with own personnel and traction units). A rapidly growing sector with an important role in decarbonisation.