Press Releases

F2i has signed an agreement with BAA Italia (Gruppo Ferrovial) for acquisition of a 65% interest in GESAC SpA, the company that operates the Naples Capodichino airport, held up to now by Gruppo Ferrovial. The Fund administered by Vito Gamberale is thereby expanding its presence in the strategic airport infrastructure sector. The operation’s enterprise value is 150 million euros and includes a 54% share of Software Design SpA, a company specialising in software for airports.

F2i’s board of directors - with an agenda that included, among other things, review of a dossier on investment in a major airport infrastructure in southern Italy – unanimously authorised its managing director, Vito Gamberale, and the investment team to continue negotiations with the seller.

F2i and IAG, wholly owned subsidiaries of Iride SpA, have signed an agreement that will lead to F2i’s holding an interest in San Giacomo, a newly established company through which IAG and the Fund administered by Vito Gamberale intend to carry out a project to concentrate and develop integrated water services.

F2i is reporting that the ordinary and extraordinary general meetings of shareholders have been held. Among other things, the meetings approved the financial statements as at December 31, 2009, and appointed the new board of directors. Ettore Gotti Tedeschi was named chairman and Vito Gamberale general manager. The subsequent board of directors meeting reviewed the quarterly report and progress in investment activities.

F2i’s board of directors has approved the draft financial statement for the 2009 financial year of SGR, with a net profit of 3.1 million euros. F2i’s managing director, Vito Gamberale, reported that last year was the first and very significant full year for the asset-management company.