FLORENCE, ITALY – The shareholders of Italo-NTV have accepted a 1.98-billion-euro 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. The offer gives Italo shareholders the option of reinvesting in the group and buying up to 25 percent of the operator.
Italo was launched in 2006 with the aim of challenging the state-owned Ferrovie dello Stato on high-speed routes all over Italy. Italo’s fleet is made up of 25 latest-generation AGV 575 trains that can reach speeds of 360 km/h and 17 new Italo EVO.
The EVO has a maximum speed of 250 km/h are composed of seven cars and can accommodate around 472 passengers. It links 19 stations from 14 cities: Salerno, Naples, Rome, Florence, Bologna, Verona, Brescia, Ferrara, Rovigo, Padua, Venice, Reggio Emilia, Milan and Turin.
Italo integrates its high speed rail network with the road transport of Italobus, which links the high speed rail stations, by means of latest generation buses, to: Mantua, Parma, Cremona, Modena, Bergamo, Capriate, Orio al Serio, Rovereto, Trento, Cavalese, Predazzo, Moena, Vigo di Fassa, Pozza di Fassa, Canazei, Picerno, Potenza, Ferrandina, Matera, Sala Consilina, Lauria, Frascineto (Castrovillari) and Cosenza.
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