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Ferrovie dello Stato gives the green light to Grandi Stazioni’s reorganization

Yesterday the Board of Directors of Ferrovie dello Stato Italiane with Marcello Messori as chairman, examined and approved the reorganization of Grandi Stazioni, the railways station management company 60%-owned by Ferrovie and 40%-owned by Eurostazioni (Pirelli, Caltagirone, the Benetton family and a small share by French railways company Sncf). It will be a non-proportional demerger.

The industrial advisors of the privatisation were chosen yesterday too: McKinsey & Company, lead manager,Ernst & Young Financial Business Advisors Spa and The Brattle Group Limited Italian Branch.

On February 3, at the end of the selection process that involved both Italian and foreign financial institutions and law firms, the Ministry of Economy and Finance, also having acquired the opinion of the Privatisation Committee, announced it has identified Bank of America Merrill Lynch and Cleary Gottlieb Steen & Hamilton as, respectively, Financial Advisor and Legal Advisor of the Ministry for the privatisation process of the FS Group.