Italo's shareholders and the company have received from Global Infrastructure Partners III funds ('GIP'), an international investor specialized in infrastructures which manages approximately 40 billion dollars for its investors – a binding offer for the purchase of the entire share capital of Italo at an equity value consideration of euro 1,9 billion.
Ntv announces it in a note, specifying that the offer expires at 17 pm on 7 February and that Italo has set a board meeting for today, Tuesday 6 February at 15 pm, to assess the status of the process aimed at listing on the stock exchange , the request for which was presented on 23 January, and carry out the checks within its competence regarding the offer.
The offer also envisages the option for current shareholders to reinvest up to a maximum of 25% of the proceeds deriving from the sale under the same conditions as any purchase by Gip. The Fund also hopes that the current president Luca Cordero di Montezemolo and the managing director Flavio Cattaneo maintain their respective roles in Italo.
