“The train to IPO is cancelled, we apologize for the inconvenience”: Infrastructure Fund GIP bids €1.98bn for Italian Railway Group Italo-NTV

Introduction On the 8th of February 2018, the shareholders of the Italian high-speed train operator Italo-NTV (Nuovo Trasporto Viaggiatori) (“The Company”) have accepted the offer of Global Infrastructure Partners (“GIP”) for the disposal of 100% of their stake, for an equity value of around €1.94bn. As a result, the plan Read more…