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FNM SpA (FNMI.MI)

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Latest Key Developments (Source: Significant Developments)

FNM signs deal to buy stake in Locoitalia
Wednesday, 12 Jul 2017 04:19am EDT 

July 12 (Reuters) - FNM SPA ::SAID ON TUESDAY THAT THE BOARD HAD APPROVED THE ACQUISITION OF A STAKE IN LOCOITALIA.THE LOCOITALIA STAKE IS CURRENTLY OWNED BY FUORIMURO SERVIZI PORTUALI E FERROVIARI S.R.L. (FUORIMURO), OF WHICH FNM OWNS A 49 PCT STAKE.THE TRANSACTION WILL BE EXECUTED VIA A CAPITAL INCREASE OF 3.2 MILLION EUROS BY FUORIMURO.FNM WILL SUBSCRIBE TO 2.1 MILLION EUROS IN CASH WHILE TENOR SRL WILL SUBSCRIBE TO THE REMAINING 1.0 MILLION EUROS OF THE CAPITAL HIKE.AT THE END OF THE TRANSCATION, FNM WILL HOLD 51 PCT IN LOCOITALIA WHILE TENOR WILL HOLD 24.5 PCT AND FUORIMURO 24.5 PCT.OPERATION IS EXPECTED TO BE FINALIZED BY SEPT.  Full Article

FNM signs framework agreement to buy 49 pct stake in FuoriMuro
Wednesday, 29 Mar 2017 10:57am EDT 

FNM SpA : Signs framework agreement for the acquisition of a stake of 49 pct in FuoriMuro Servizi Portuali e Ferroviari (FuoriMuro) .Price of the acquisition amounts to 1.3 million euros ($1.40 million).  Full Article

FNM FY net profit rises to EUR 26.3 mln
Wednesday, 22 Mar 2017 01:18pm EDT 

FNM SpA : FY net profit 26.3 million euros ($28.44 million) versus 20.1 million euros a year ago . FY production value 264.0 million euros versus 299.5 million euros a year ago .Proposes dividend of 0.017 euro per share.  Full Article

FNM: AMT renounces to pre-emption right on Azienda Trasporti Verona
Thursday, 2 Mar 2017 04:43am EST 

FNM SpA : Its unit Ferrovie Nord Milano Autoservizi (FNM Autoservizi) receives the renunciation from Azienda Mobilita Trasporti (AMT) of the exercise of its pre-emption right on Azienda Trasporti Verona . The renunciation allows FNM Autoservizi to sign the contract for the acquisition of a 50 pct stake in Azienda Trasporti Verona .AMT holds the remaining 50 percent stake in Azienda Trasporti Verona.  Full Article

FNM unit FNM Autoservizi wins tender to acquire 50 pct stake in Azienda Trasporti Verona
Monday, 16 Jan 2017 12:15pm EST 

Fnm Spa : Says its unit Ferrovie Nord Milano Autoservizi SpA wins tender to acquire 50 percent stake in Azienda Trasporti Verona Srl, owned by the Province of Verona .Ferrovie Nord Milano Autoservizi SpA offered an amount of 21 million euros ($22.26 million) for the acquisition.  Full Article

FNM denies again there are negotiations for sale of 50 pct in Trenord
Friday, 30 Sep 2016 09:23am EDT 

FNM SpA :Denies again there are negotiations for the disposal of 50 percent in Trenord Srl, as already said on June 1 [nFWN18T011].  Full Article

FNM plans to evaluate entry into airport infrastructure management business
Tuesday, 27 Sep 2016 11:52am EDT 

FNM SpA : Board approves 2016-2020 strategic plan . Plans to evaluate an entry into the business of airport infrastructure management via the possible acquisition of astake in an airport operator in Lombardy . Plans to reach an EBITDA of 100 million euros at the end of the 2016-2020 plan period .Says that it does not plan any capital increase for the time being.  Full Article

FNM H1 net profit rises to EUR 14.9 mln
Tuesday, 27 Sep 2016 11:46am EDT 

FNM SpA : H1 net profit 14.9 million euros ($16.69 million) versus 12.2 million euros a year ago . H1 production value 133.4 million euros versus 153.2 million euros a year ago .For the second half of 2016 expects a performance trend, at an operational level, substantially in line with the first half.  Full Article

FNM denies it has started negotiations to sell its stake in Trenord
Wednesday, 1 Jun 2016 04:52am EDT 

FNM SpA :Denies it has started negotiations to sell its 50 percent stake in Trenord Srl.  Full Article

FNM Q1 net profit up at EUR 7.1 mln
Wednesday, 11 May 2016 09:07am EDT 

Fnm SpA : Q1 production value 68.7 million euros ($78.39 million) versus 71.6 million euros year ago .Q1 net profit 7.1 million euros versus 7.0 million euros a year ago.  Full Article

FNM to verify merger plan after state railways pulls out

MILAN, June 12 Italian regional railway group Ferrovie Nord Milano said on Monday it would verify whether a planned tie-up with state railways Ferrovie dello Stato and Milan's public transportation company ATM was still feasible.