Press Releases

On February 28, 2009, F2i completed the fundraising period, for a total of 1,852 million euros (consistent with the initial target). In the wake of the funding, F2i is the main Italian infrastructure Fund and the world’s largest devoted to a single country. The investment period is therefore now beginning; by regulation, it will last up to four years/ F2i will operate as a long-term fund, thereby making possible a selective acquisition of investments and medium-long-term industrial management of them, maximising their development.

Enel Trade SpA has sold to F2i 49% of Enel Stoccaggi Srl for a price of approximately 6.2 million euros. Enel Stoccaggi will continue the technical/administrative process begun by Enel Trade at the Romanengo storage site, the reconversion project calls for a storage capacity of about 300 million cubic meters with commissioning in 2012.

F2i’s board of directors has decided to sign an agreement with Alerion Industries SpA, a company operating in the production of electricity from renewable sources. The agreement calls for F2i to underwrite an increase in Alerion’s capital. F2i’s managing director stated that the Fund’s entry into the strategic renewable-energy sector lays the groundwork for the creation of a network hub that will contribute towards qualifying this new segment industrially, financially and in terms of development.

The Enel Group, headed by Managing Director Fulvio Conti, and F2i, headed by Vito Gamberale, are joining forces to develop new storage capacity for more than 500 million cubic meters of gas, thereby optimising coverage of the winter need for gas and increasing the security of supplies. The two companies have in fact signed a memorandum to evaluate joint investments in the gas storage sector in Italy.

During the board of directors meeting, F2i’s managing director, Vito Gamberale described the procedural process that led to the minimum objective of 1.5 billion euros in funding being exceeded. F2i has thus reached the first closing and is preparing to complete the startup of the first Italian fund devoted to infrastructure investments.