The Board of Directors of Italo – Nuovo Trasporto Viaggiatori (Ntv) spa met yesterday but left the works open till today afternoon (see here the press release) in order to have all elements to best value a last-hour offer received by Global Infrastructure Partners to buy 100% of the company at a 1.9 billion euros price, just days before listing at the Italian Stock Exchange (see here a previous post by BeBeez).
Asked to comment about GIP’s offer, Intesa Sanpaolo‘s ceo Carlo Messina, who yesterday presented the strategic plan at 2021 for the bank, said that “We do not need to make airplanes or trains our job. We are a bank and this is our job. The stake in Ntv is not strategic. We look for the best possibile evaluation. We helped in order to make the company a success and when conditions come for us for an exit we choose divestment as we chose a listing”.
Intesa Sanpaolo is today the major shareholder in Ntv with a 19.2% stake, followed by Diego della Valle (17.4%, through MDP Holding Due srl and FA.DEL. srl), Generali Financial Holdings (14.6%, through Allegro sarl), Peninsula Capital (12.4%, through PII1 sarl), Luca Cordero di Montezemolo(12.4%, through MDP Holding Uno srl and MDP Holding Quattro srl), Gianni Punzo(8%, through MDP Holding Tre srl), Isabella Seragnoli (5.8%, through Mais spa), Flavio Cattaneo(4.9% through Partind srl or 5.1% including the indirect stake in PII1 sarl) and Alberto Bombassei(4.9%, through Nuova Fourb srl).
