Press Releases

F2i Reti Italia – the corporate vehicle held 75% by F2i and 25% by AXA Private Equity – is acquiring from Enel Distribuzione 80% of Enel Rete Gas SpA, a company active in the natural gas distribution market in Italy.

The consortium formed by F2i (75%) and AXA Private Equity (25%) has initialled an agreement for acquisition from Enel Distribuzione of 80% of Enel Rete Gas, an operator in the strategic infrastructure sector of natural gas distribution in Italy, with more than 2 million users connected to its network and some 3.6 billion cubic meters of gas distributed in 2008. Vito Gamberale, F2i’s managing director, and Mathias Burghardt, head of infrastructure at AXA, stressed the contribution that the operation may make to the development of an energy distribution network in Italy in Europe.

F2i reports that the ordinary and extraordinary general meetings of shareholders were held; the agenda included approval of the financial statement at December 31, 2008, and the appointment as chairman of Ettore Gotti Tedeschi, replacing Salvatore Rebecchini. Following this the board of directors of the Fund administered by Vito Gamberale approved the quarterly report and reviewed progress in investment activities.

F2i and Fagioli Finance SpA have signed a partnership agreement calling for the Fund administered by Vito Gamberale to enter into the capital of Interporto Rivalta Scrivia SpA. The company, 89.38% controlled by the Fagioli Group, operates in the intermodal transport and logistics segment. Interporto Rivalta Scrivia is in fact the country’s largest directly controlled logistical infrastructure and covers some 1.4 million square meters. Today’s agreement marks F2i’s entry point into the logistics/interport/intermodal sector.

The draft financial statement of SGR, which manages F2i, is closing with a gross profit of 6.1 million euros, whilst the net profit amounts to almost 3.8 million euros. The board of directors (Vito Gamberale – managing director) has proposed assigning the profit to cover all of the loss deriving from the startup phase.