Ferrovie dello Stato Italiane to acquire Astaldi stake in Milan Metro line 5

Italian company Ferrovie dello Stato Italiane has agreed to purchase Astaldi’s investment in M5 SpA, concessionaire of Line 5 of the Milan Metro. Line 5 of the Milan Metro links Bignami Parco Nord station to San Siro Stadio station, along a route extending for about 13 kilometres, with 19 stations and a light transport system connected with Milan’s other underground lines. The transaction calls for the sale of a 36.7 per cent stake held by Astaldi in M5. Astaldi will remain a shareholder with a two pe
December 13, 2016 Read time: 1 min
Italian company Ferrovie dello Stato Italiane has agreed to purchase Astaldi’s investment in M5 SpA, concessionaire of Line 5 of the Milan Metro.

Line 5 of the Milan Metro links Bignami Parco Nord station to San Siro Stadio station, along a route extending for about 13 kilometres, with 19 stations and a light transport system connected with Milan’s other underground lines.

The transaction calls for the sale of a 36.7 per cent stake held by Astaldi in M5. Astaldi will remain a shareholder with a two per cent share in M5, ensuring support in developing the activities under its responsibility.

Related Content

  • June 20, 2016
    Thales builds on Canadian connection for transit R&D
    The Canadian province of Ontario is continuing to benefit from its ongoing investment in transit R&D. David Crawford looks at the impact of new investment. Developing the next generation of urban rail signalling solutions worldwide, with the emphasis on transit security and efficiency, is the goal of a recently-created business partnership between the government of the Canadian province of Ontario and Thales Canada. The wholly-owned subsidiary of the France-HQ'd global defence, aerospace and transportation
    Read More
  • May 6, 2015
    Lima metro works to launch this month
    Construction work on Line 2 of the Lima metro will get underway this month on Lima's eastern outskirts, according to government officials. Construction works include a tunnel and five stations along the central highway from the district of Ate to Santa Anita, said José Zárate, head of the electric train authority (AATE). The US$5.8 billion metro line is scheduled for completion by 2020, transport and communications minister José Gallardo said. The industrial district of Ate will be linked to Lima's city
    Read More
  • April 12, 2016
    PSA Peugeot Citroën takes a stake in car-sharing company
    French car company PSA Peugeot Citroën has become a shareholder in peer-to-peer car-sharing start-up Koolicar, with an investment of US$10.6 million (€18 million), alongside investment fund MAIF Avenir, Koolicar's partner since 2010. Now active in around 40 French cities, with over 60,000 registered users, Koolicar started car-sharing operations back in 2012 and claims it offers unique and innovative technology for peer-to-peer car rental in Europe. Based on a connected box that can be fitted on any typ
    Read More
  • July 30, 2013
    Contracts awarded for Riyadh six-line metro
    The government in Riyadh, Saudi Arabia, has awarded three engineering and construction packages for its six-line metro project. The contracts, worth around US$22 billion, have been awarded to a consortium of the US's Bechtel, Germany's Siemens, the regional Consolidated Contractors Company and Saudi Arabia's Almabani; a consortium led by Italy's Ansaldo STS; Spain's Fomento de Construcciones y Contratas (FCC), France's Alstom and South Korea's Samsung C&T.
    Read More

Highlighted Content