INTESA SANPAOLO TRANSFERS 12.5% OF F2i RETI TLC TO THE F2i FUND
• The closing for the transfer of the 20 million euro shareholding held by the Bank has been signed
• Following the F2i transaction, it holds the entire share capital of the company owning 61.4% of Metroweb
Milan, 13 September 2012 – Intesa Sanpaolo and F2i – the private infrastructure Institutional Fund – today signed the closing for the transfer of 12.5% of F2i Reti TLC – held by the Bank through IMI Investimenti, a company operating in the equity investment sector and falling within the scope of the Corporate and Investment Banking Division – amounting to 20 million euro.
Intesa Sanpaolo, with the transfer of the F2i Reti TLC shares held by the same, has now concluded its role in support of the transaction for the acquisition of Metroweb by F2i which took place last year as well as the development of the same company.
Following this transaction, F2i owns 100% of the capital of F2i Reti TLC, which in turn owns 61.4% of Metroweb (a company operating as supplier of dark fibre and owner of one of the largest networks in Europe, mainly located in Milan and Lombardy) along with Fastweb (11.2%), A2A (25.7%) and the company’s management (1.7%).
Finally, it is recalled that F2i Reti TLC is developing a plan for the cabling in FTTH mode of the top 30 Italian cities.
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Last updated 13 September 2012 at 14:24