The shareholders of Italo-NTV
have accepted a 1.98 billion offer to buy 100% of the capital of
the private Italian rail operator from American fund Global
Infrastructure Partners.
As a result, plans for a stock-market listing in Milan have
been abandoned.
Italo was now looking at a new phase of growth, Chairman Luca
Cordero di Montezemolo and CEO Flavio Cataneo said in a letter
to staff.
"We are now starting a process that will last over the coming
months until the completion of the formalities necessary for the
change of ownership and will mark a new phase of growth and
development for the firm with new opportunities for all", they
said.
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