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

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. o-investors-for-high-speed-network-spin-off.html
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Italy's state-owned railway Ferrovie dello Stato (FS) will spin off its high-speed network into a dedicated company, the group's chief executive said, paving the way for a later stake sale to outside investors.
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/ ]