Ferrovie dello Stato Italiane announced on June 9 that it has acquired the 36.7% stake in M5 SpA, the concessionaire company of Milan Metro Line 5, from Alstaldi. Under the EUR 64.5 million transaction, FS will lead the shareholder in the consortium.
According to the transaction, Astaldi’s stake in M5 SpA is 2% and the rest of the shareholders stake remains unchanged: Ansaldo STS 24.6%, ATM 20%, Alstom 9.4% and Hitachi Rail Italy 7.6%.
“We are pleased to announce the sale of our stake in M5 to FS Italiane. We are also assessing, with extreme care, the offers received for the sale of other assets in concession. The implementation of our Strategic Plan continues successfully which, in addition to the program of assets disposal, forecasts growth targets supported by the repositioning of the Group’s activities towards lower risk markets and better quality of earnings,” Paolo Astaldi, Chairman of Astaldi said.
In December 2016, Ferrovie dello Stato Italiane and Astaldi signed the agreement for the sale of the investment held by Astaldi in M5 SpA.
The acquisition of 36.7% in M5 is part of the company’s 2017-2026 industrial plan presented last year in September which envisages the development of urban and metropolitan mobility integration.
“FS Italiane’s entry among the shareholders in Metro 5 marks another step toward the creation of an integrated infrastructures and services system aiming at improving public transport also in large urban areas. In line with the 2017-2026 Industrial Plan, we want to promote an integrated mobility also through the design, construction and management of new underground lines. For this reason, FS Italiane will provide its technical know-how and will dialogue with stakeholders, in Milan as well as in other cities,” Renato Mazzoncini, CEO of FS Italiane said.
FS has redesigned its strategy to seize, as an integrated mobility company, the opportunities generated by the mass transport systems policies defined by the Ministry of Infrastructure and Transport, in order to pursue all available synergies in transport infrastructures.
The development of large systems of integrated mobility – train, subway, bus, car/scooter/bicycle sharing – that make easier a door to door strategy by using only public transport system is the driver to boost the competitiveness of major cities and, consequently, of the entire country in a global economy.
Line 5 of the Milan Metro 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.
Share on:
