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

  • PTV owners buy majority stake in Econolite
    March 14, 2022
    Bridgepoint & Porsche Automobile Holdings buy most of Econolite for undisclosed sum
    Read More
  • Colombia seeks expressions of interest for Bogotá LRT
    December 15, 2014
    Colombia's national infrastructure agency ANI is to hold a public hearing on 16 December to gather expressions of interests for the 43.9 kilometre western corridor of Bogotá's light rail (LRT) project. The two-line LRT system is expected to cost around US$605 million and would stretch between the central station of the Sabana railway to a station located in the municipality of Facatativá. A total of 17 stations are planned for the corridor as well as a branch line to the airport. Around 71.5 million p
    Read More
  • Atkins confirms takeover offer from Canadian group
    April 4, 2017
    Shares in UK engineering and consultancy firm W S Atkins jumped to a high of 2,004 pence following the news that Canadian engineering and construction company SNC-Lavalin Group has offered to buy the company for about US$1.9 billion (£2.1 billion0, according to Reuters. Atkins said SNC planned to offer 2,080 pence per share in cash, 35 per cent above Atkins' closing share price on Friday. In a statement, Atkins said that the board of Atkins had indicated to SNC-Lavalin that the possible offer would d
    Read More
  • Indra gets on board Cairo monorail
    June 1, 2022
    Group will provide ticketing technology and access control for Egypt's new transit system
    Read More

Highlighted Content