Ferrovie dello Stato Italiane and Astaldi have signed an agreement for the sale of the investment held by Astaldi in M5 SpA, Concessionaire of Line 5 of the Milan Metro.
The transaction calls for the sale of a 36.7% stake held by Astaldi in M5, valued at EUR 64.5 million. Astaldi will remain a shareholder with a 2% stake in M5, ensuring support in developing the activities under its responsibility.
The transaction’s closing will take place at the end of the planned authorisation process, as well as upon the outcome of the assessment by the Italian Competition Authority.
“FS Italiane’s entry among the shareholders in Metro 5 marks another step forward in carrying out the Business Plan presented on the 28 September 2016. It is the first time that a subway, the Milan’s M5 Metro line, becomes part of FS Italiane’s ,” Renato Mazzoncini CEO of FS Italiane said.
Milan Metro Line 5 links Bignami Parco Nord station to San Siro Stadio station, along a route extending for about 13 km, with 19 stations and a light transport system connected with Milan’s other underground lines.
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