Italo, the leading private high-speed rail company, joins Gian Luigi Aponte’s MSC empire. The signing of the agreement was postponed until today due to purely technical and bureaucratic problems. The Geneva holding company of the world’s largest shipowner will hold 51% control of Italo. Mistertravel.news reported on it at the beginning of September.
Shareholders close to MSC remain in Italo
The American fund Gip, current shareholder of 72.6%, is reinvesting a stake of around 30%, while Allianz, which holds 11.5%, will retain practically the same stake. On the other hand, the Norwegian funds Ip Infra Investor (7.6%) and Molangers (0.6%) are withdrawing.
A shareholders’ pact on governance is envisaged between MSC and GIP. But we now know that the operational management which controls Italo will remain in place to ensure operational continuity.
Italo was valued at around 4 billion euros
In 2022, the company achieved a turnover of 700 million and an EBITDA of 225 million. The company operates 51 Alstom trains (25 Agv and 26 Evo), a network covering 53 stations in 48 cities, 116 connections per day and a team of 1,400 employees.
MSC is therefore strengthening its position in rail transport
MSC, which manages major port terminals around the world, will allow the Aponte family to further strengthen its position in rail transport and logistics. This is in addition to maritime, cargo and cruise activities.