Italo shareholders pushed management to dump IPO for higher PE offer

Sam Kerr

February 08, 2018 04:30 PM

PA_Luca_Italo230x150 — Ferrari Chairman Luca Cordero di Montezemolo speaks to Foreign Press Association in Rome, Italy on february 7, 2012 during the presentation of the 'Italo' train, the NTV new high-speed train. The train ,named 'Italo', is part of the latest generation of high-speed rail travel and 'the most modern train in Europe,' featuring a small cinema on board and a WiFi Internet connection throughout, Di Montezemolo said.NTV is the first private operator on the italian high speed rail network which will start operations in 2012. Photo by Eric Vandeville/ABACAPRESS.COM # 307579_005 | Vandeville Eric/ABACA/PA Images

Italian high speed train operator Italo pulled its IPO on Wednesday night, the day before the syndicate was due to release a price range, of €1.5bn to €1.6bn, in order to take a €1.98bn offer from New-York based private equity firm Global Infrastructure Partners.

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Topics

Italy Credit Suisse Equity IPOs Intesa Sanpaolo Equity Europe Barclays UniCredit EMEA SRI Goldman Sachs

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Sam Kerr