« Go back MSC Group and Italo Trains: A Synergistic Alliance for Italy's Rail Revolution
After negotiations started before the summer, the Msc group takes over 50% of Italo trains from the American infrastructure fund Global InfrastructurePartners (GIP). The aim is to establish a long-term strategic partnership for the future development of Italo.
The agreement, commented Msc president Diego Aponte, is emblematic of the company's long-standing commitment to Italy and its support for high-speed passenger rail transport in the country. Moreover, he adds, 'it reflects our group's objective to further develop sustainable modes of transport, both for passengers and freight'. The objectives include obtaining the necessary regulatory approvals for competition in the relevant jurisdictions.
The transaction will take place on the basis of an asset value of approximately EUR 3.2 billion, net of EUR 900 million in debt. This substantial investment underscores the MSC Group's confidence in the future prospects of Italy's high-speed rail network and its dedication to shaping the nation's transportation landscape.
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