Rome, 16 November 2015
Ferrovie dello Stato Italiane and Eurostazioni, following the approval by the Board of Directors of Grandi Stazioni held on June the 30th, have initiated the privatization process concerning the sale of the entire share capital of the new company GS Retail, subject to the GS demerger, through a competitive procedure.
The Grandi Stazioni BoD on the 30th of June approved the non-proportional demerger of GS in 3 different Companies: GS Rail, GS Immobiliare and GS Retail.
The CEO of Grandi Stazioni, Paolo Gallo, commented: “Today is the beginning of a new chapter in the life of Grandi Stazioni. The start of the privatization process brings to the market a unique entity on the world scene, both for the experiences of unified management of all the main Italian and Czech railway stations, and for the potential for trade expansion and penetration on the Retail market. We are sure it will meet with many expressions of interest, which we expect by December 14th”.
The demerger operation will be implemented by the spin-off and simultaneous assignment to the new company Grandi Stazioni Retail, among others, of the businesses related to the exclusive economic exploitation of commercial spaces, media & advertising spaces, luggage deposits and toilet services in the 14 major Italian railway stations, and the two railway stations in the Czech Republic, Prague main railway station and Mariánské Lázně.
The Italian railway stations are Bari Centrale, Bologna Centrale, Florence S. Maria Novella, Genoa Brignole, Genoa Piazza Principe, Milan Centrale, Naples Centrale and Piazza Garibaldi, Palermo Centrale, Rome Termini, Turin Porta Nuova, Venice Mestre, Venice S. Lucia, Verona Porta Nuova and Rome Tiburtina.
The international announcement inviting expressions of interest relative to take part in the Procedure is available at the websites www.grandistazioni.it or go to "Announcements".