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.
