The Board of Directors of Enel Rete Gas SpA, meeting today, unanimously appointed Paola Muratorio as the company’s chairman. Enel Rete Gas is Italy’s leading independent operator in the area of gas distribution. Recently, F2i – Fondi italiani per le infrastrutture – and Ardian (formerly AXA Private Equity) acquired a 14.8% stake in Enel Rete Gas from Enel Distribuzione SpA, giving it virtually complete control of the company.
Ardian has acquired units in the F2i First Fund with a total commitment of €150 million. As part of the transaction, Ardian will also acquire 9.9% of the F2i SGR’s share capital, becoming a Sponsor for F2i. Ardian will also hold a seat on F2i’s board. The transaction today strengthens the collaboration between F2i and Ardian and demonstrates Ardian's ability to offer secondary solutions to global banking institutions.
A framework agreement was reached between F2i – Fondi italiani per le infrastrutture, Ardian and Enel SpA for acquisition of a 14.8 per cent stake in Enel Rete Gas SpA. Following the operation, F2i and Ardian, which already holds 85.1 per cent of the capital of Enel Rete Gas, will hold virtually all of the shares. With the purchase of this residual portion, F2i and Adrian will be able to better deploy their strategy for gas distribution.
F2i Reti Logiche srl, a company wholly owned by the Second Fund managed by F2i SGR SpA, has signed a binding agreement with BNL and MPS for the acquisition of 10.27 per cent of SIA SpA, a company active in the creation and management of technological infrastructures and in the development of services for financial institutions, companies and government agencies in the areas of money and payment services, network services and capital markets.
F2i’s Board of Directors has approved the Report of 30 June 2013 for the first F2i Fund and has approved the distribution of €52.2 million to investors. The Board has also approved the report of the second F2i Fund, which is still in a start-up phase, but which has already raised €610 million, or 50.8% of its target (€1,200 million). The €52.2 million, of which €42.2 million represents dividends and circa €10 million of equity repayment, represents the greatest distribution of proceeds to investors that has been made since the Fund was set up.