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

  • Teledata World Services to acquire Superior Traffic Controls
    May 18, 2012
    Teledata World Services has signed a letter of intent to acquire all of the equity of Superior Traffic Controls, a developer and manufacturer of roadside safety and incident management products. The transaction will result in the majority shareholders of Superior becoming the majority shareholders of the Teledata and comes at the conclusion of a two-year search for a new business opportunity Teledata could merge with or acquire.
    Read More
  • Cubic wins contract to mobilize LA Metro TAP Fare Payment System
    January 4, 2018
    Cubic Transportation Systems has been awarded a contract by the Los Angeles County Metropolitan Authority (LA Metro), to deliver an integrated traveller app in support of the TAP regional contactless fare system. It is designed with the intention of allowing users to make a fare purchase, use their mobile device as a TAP card and complete their journey using transit, bikeshare, or other multimodal programs. It will also provide them with commute information. TAP links 24 transit agencies across the Los
    Read More
  • Hartford’s tailors winter maintenance on Esri’s GIS platform
    August 5, 2016
    The in-house winter maintenance and vehicle tracking system built by the Public Works Department in Hartford, Connecticut, coped with record snowfalls and cut costs too. When it comes to dealing with the effects of mother nature, transport agencies can find themselves in a lose-lose situation: criticised if the roads or rail lines are disrupted by snow, ice or floods for more than a few hours and lambasted for wasting money if the equipment and stockpiles put in place for a hard winter remain unused.
    Read More
  • San Francisco addresses unsafe vehicle speeds
    July 7, 2021
    Quick-build projects are in Tenderloin district where pedestrians are frequently hit
    Read More

Highlighted Content