Fri, December 13, 2024
Thu, December 12, 2024

Italian railways to woo investors for high-speed network spin-off

The CEO of Italy's state railways, Ferrovie dello Stato Italiane (FS), Luigi Ferraris, announced on December 12, 2024, that the company plans to spin off its high-speed rail network into a separate entity while retaining control. This strategic move aims to enhance the network's value and attract investment, potentially from infrastructure funds or other investors. The high-speed network, which includes routes like Milan-Naples and Turin-Venice, is seen as a valuable asset due to its profitability and strategic importance. The restructuring will not involve selling the network but rather creating a new company to manage it, thereby allowing FS to focus on other aspects of its operations while still benefiting from the high-speed rail's revenue and growth potential.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/europe/italys-state-railways-spin-off-high-speed-network-retain-control-says-ceo-2024-12-12/ ]