Italy's F2i infrastructure fund targets market listing in 5 years - report |
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Thu, 29 Mar 2007 09:52
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MILAN (AFX) - F2i, the Italian public-private infrastructure investment fund, is aiming for a market listing in five years, and to achieve an annual return of 10-12 pct, daily Il Sole 24 Ore said citing the fund's CEO Vito Gamberale.'The fund's regulations approved by the board foresees the fund's listing once the investment period has been concluded, that will be in five years,' Gamberale said.According to the daily, the fund yesterday added to its board Vittorio Pignatti, head of European private equity at Lehman Brothers and is waiting to include also a representative of Merrill Lynch to the fund.Gamberale also said investments 'will start towards the end of the year.''We will invest in existing work that ensures the best economic result and then the cash flow will be used to finance new infrastructure,' Gamberale said.The targeted investments are in transportation infrastructure, utilities' networks, mobile telecommunications networks, antenna tower networks and parking lots, hospitals and trade fares.'We are looking at infrastructure that is under concession,' the CEO said.yael.schrage@thomson.comysc/cmlCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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