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GIP on track to sell train operator Italo to MSC

Global Infrastructure Partners has entered into exclusive discussions with MSC Mediterranean Shipping Company over the sale of Italian high-speed train operator Italo, according to a report by Bloomberg citing unnamed sources.

Global Infrastructure Partners (GIP) has entered into exclusive discussions with MSC Mediterranean Shipping Company over the sale of Italian high-speed train operator Italo, according to a report by Bloomberg citing unnamed sources.

Bloomberg first reported that GIP was considering selling Italo for around €4 billion last year having acquired the business for about €2 billion in 2018.

Discussions over the deal ongoing and there is no certainty that the sale will proceed, according to Bloomberg’s sources.

Italo launched as a competitor to state-owned railway company Ferrovie dello Stato Italiane SpA, in 2012. Its fleet includes 51 trains operating services that connect major Italian cities including as Rome, Milan and Verona. 
 

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