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Transactions - APRIL 21, 2020

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ANIA F2i Fund buys major stake in Italian freight operator

by Kali Persall

F2i Sgr and Ania (Italy’s National Association of Insurance Companies), through the ANIA F2i Fund, have acquired a majority stake in Compagnia Ferroviaria Italiana (CFI), an Italian rail-freight operator.

The companies now hold a 92.5 percent share in CFI, and the company’s founding shareholder Giacomo Di Patrizi will hold the remaining 7.5 percent stake. Patrizi will stay on as CEO.

Founded in 2007, CFI operates about 170 trains per week which connect the main production areas of Italy. Over the course of its lifespan, the company has serviced the steel, automotive and agriculture sectors.

“With this deal Ania F2i Fund enters in an essential infrastructure sector essential for the support of the national economy while contributing to the progressive decarbonization of freight transport in Italy,” said Renato Ravanelli, CEO of F2i Sgr.

This is the first deal undertaken by the new ANIA F2i Fund and is the fourth fund managed by F2i Sgr. With the ac

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