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.
The general meeting of shareholders of F2i, the asset-management company, approved an increase in capital to give the company the financial resources required by legislation in relation to the funding target (more than two million euros). At a subsequent board meeting, F2i’s managing director, Vito Gamberale, informed the board that the Bank of Italy has authorised the asset-management company to manage assets for third parties.
The general meeting of F2i shareholders approved the asset-management company’s bylaws and raised the number of board members in the wake of Merill Lynch’s entry. At the next board of directors meeting, Vito Gamberale, the managing director, stressed that the addition of Merill Lynch represents formal completion of the group of sponsors who started the Fund.
F2i’s managing director, Vito Gamberale, addressed the board of directors, describing the initial results of recruiting, reporting that the investment team is being joined by Carlo Michelini (Senior Partner) and Corrado Santini (Partner), who will be building the investment team together with Matteo Ambroggio, formerly a partner in F2i asset-management company. The managing director also reported on progress in the Bank of Italy authorisation process, preparation for the fundraising, and on the pipeline of Fund investment sectors.