Press Releases

F2i and Citigroup Global Markets Limited are reporting that they have reached an amicable settlement in the suit brought before the Milan civil court. The suit involved the placement of the Fund’s shares by Citigroup Markets Limited . F2i and Citigroup state that they have resolved all disagreements and expressed their willingness and intention to discuss and evaluate future possibilities for cooperation.

The F2i board of directors, chaired by Ettore Gotti Tedeschi, approved the Fund’s report on September 1, 2011, and decided to distribute 30 million euros to its investors. The Fund, administered by Vito Gamberale, has already committed 72% of the initial funding (1,852 million euros), establishing a group active in strategic sectors of the national infrastructure.

The consortium formed by F2i (87.5%) and Intesa Sanpaolo (12.5%) has completed the acquisition of all the capital in Metroweb SpA by the Stirling Square Capital Partners fund. This operation, totalling 436 million euros, represents the entry of the fund administered by Vito Gamberale into the telecommunications sector and allows the return to Italy of a strategic asset for the distribution of fibre optics and ultra-wide bandwidth connections in the country.

The consortium formed by F2i (87.5%) and Intesa Sanpaolo (12.5%) has completed the acquisition of all the capital in Metroweb SpA by the Stirling Square Capital Partners fund. This operation, totalling 436 million euros, represents the entry of the fund administered by Vito Gamberale into the telecommunications sector and allows the return to Italy of a strategic asset for the distribution of fibre optics and ultra-wide bandwidth connections in the country.

F2i and Intesa Sanpaolo have initialled an agreement for sale of all of Metroweb SpA’s capital for a total of 436 million euros. Metroweb owns Europe’s largest fibre-optic network, with 7,200 km of cables and approximately 3,300 km of underground cable ducts covering an area with more than 2.7 million people, located mainly around the Milan metropolitan area. This acquisition is part of a long-term project that is based on the excellent quality of the company’s infrastructure and know-how and may contribute to the development of a market that will be of great interest to investors and for the entire national economic system.