Wednesday, June 8, 2016

The stations Roma Termini and Milano Centrale go to the Borletti family – BBC

Almost a billion Euros for 24-year concession (year of expiry 2040). Fourteen stations, the most important of the country, torn with an offer mind-boggling, pulling the other roped competitors. The weights in the winner group open the envelopes have not yet been clarified. But it is interesting to note that the future management of Rome Termini and Tiburtina station, Milano Centrale, Porta Nuova, Piazza Brignole and Principe, Venice Mestre and Saint Lucia, Bologna Centrale, Florence Santa Maria Novella, Naples, Palermo and Bari Central steps for a infrastructure fund (Antin), for an active in commercial companies (Icamap, founded by Guillaume Poitrinal, former CEO of Unibail-Rodamco giant) and the Borletti group, the former owner of the family “Rinascente”, founded, sold , bought back and then sold back to the tune of billions to a Thai fund.

to complete the operation, one of the largest privatizations in 2016, will serve another ten days . It will serve twice as many approval by the boards. Ferrovie dello Stato (which controlled Large stations Retail 60% and then monetize its de-consolidating the debt ratio amounting to 191,500,000). And Eurostazioni, which includes edition (the family holding company of the Benetton), Vianini Works (Caltagirone group), Pirelli and with a residual portion of SNCF Participations, the main French rail operator.

the French-Italian consortium defeated clearly the other offers on the table of shareholders : Altaraea (roped with Apg and Predica, Crédit Agricole group) 806 500 000 (of which 615 equity), the private quity Lone Star with 800 million and Deutsche Asset Management (up to non-binding offers with Poste Vita and the Danish pension fund Apt) with 744.5 million.

the lawful Maurizio Borletti satisfaction, heir of the historic Milanese family that, among other things, in the twenties of the twentieth century invested in a journal (the Century) and founded with the Pirelli family Ifi, the holding company of the Agnelli (confirming a longstanding alliance). Maurizio, in turn, has a special history: last of five children born to Ferdinand and Rosalinda Bettoja, in 1993 only 26 years old, took over from Tony Bouilhet uncle (husband of Carla Borletti) the share of Christofle control, historical company Parisian founded in 1830, the luxury brand for the production of objects for the table and the solid silver decoration. That’s why Maurizio commutes today between Paris, where he lives with his family, and Milan. The transalpine capital, through the arm of the Borletti group, Mauritius has bet a few years ago (along with the real estate funds of Deutsche Bank) in the French department store chain Printemps. And with the help of Goldman Sachs, General insurance and Prelios has invested in the largest real estate portfolio of stores in Germany. The share in the Printemps was then resold to investors linked to the royal family of Qatar, but Borletti remained still as a board member. “Within our consortium are important complementary expertise ‘as’ that of Antin Infrastructure Fund and the expertise of Icamap in commercial properties,” says Borletti, which with its tip roped to doubling the retail space in the stations making them “a element of Italian excellence. ” We will see.

Good intentions originate from the fact that the high speed is definitely triumphing also in Italy . After years of delays also our country is experiencing a major transition to the passenger high remuneration. On the Milan-Bologna-Florence-Rome-Naples (does not escape that all five stations are the subject of the notice of the State Railways) spends much of the passenger traffic movements share. That’s why the stations are actually still commercially underutilized. Milano Centrale, after its redesign, gave headway. Terms also is changing a lot, as it is renewed Tiburtina exit. The stations will become more and more shopping centers. With spaces rented to large brands, a crossroads of a target medium-high spending.

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8 June 2016 (edited June 8, 2016 | 22:08)

© ALL RIGHTS RESERVED

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