MILAN (Reuters) - Italian railway group Italo said several of its shareholders re-invested in the company after it was taken over by Global Infrastructure Partners by subscribing a share issue for 150 million euros ($182 million), equal to a stake of 7.74 percent.
In February, Italo shareholders accepted a 1.98 billion euro takeover offer presented by U.S.-based GIP and scrapped plans for listing the company on the Milan bourse.
The closing of the deal was signed on Thursday.
Italo added in a statement that Luca Cordero di Montezemolo and Flavio Cattaneo were confirmed as the company’s chairman and CEO, respectively. Both are among the shareholders who decided to re-invest in Italo through the capital increase.
($1 = 0.8256 euros)
Reporting by Agnieszka Flak, editing by Giulia Segreti