Globalvia buys 24% of Iryo two months after launch of high-speed trains
irio A new strategic partner emerged less than two months after the opening of the Spanish high-speed railway. Global through complete Acquisition of 24% capital A new train operator after taking over some of Air Nostrum’s capital before launching operational routes between Madrid and Barcelona, with an expansion plan that includes expanded operations in the Levant and Andalusia.
The mobile infrastructure company announced the closure of the operation, without disclosing financial indicators, after receiving all the necessary administrative permits to officially enter the capital of Erio, although analysts 100% of the company is valued at around 200 million euros When the contract of sale is announced.
Until now, the company is 55% controlled by Air Nostrum and 45% by Trenitalia, an Italian state-owned operator dependent on the country’s finance ministry. After this operation, 55% of the package will now be split The Italian state became the largest shareholder, with 31% for Air Nostrum and another 24% for Globalvia. New operator. Thus, Renfel, with 100% Spanish state capital, will have to compete with two companies in the hands of the French (Oigo) and Italian (Irio) states.
Globalvia has already tried to enter the rail market
Globalvia, established in 2007 to consolidate all concessionary assets of FCC and Caja Madrid into a single group, was controlled in 2016 by three pension funds from Canada, the Netherlands and the UK. The company already has Tried to get some way In 2019, Adif opened a competitive process by contacting Moventia but with no success. Launched after the liberalization of passenger rail transport in Spain, the Andalusian company Eco Rail and the consortium of Talgo, Globalia and the Triatlantic Foundation also participated.
“As part of Spain’s largest private rail operator, we are strengthening our commitment to new types of mobility in the countries where we operate. As this gives us a more holistic view of transport infrastructure management, as well as added value for progress and innovation in each pandemic, high-speed rail will become an important component of sustainable mobility, which we hope to move forward together. Our partner with long-term business,” said General Globalvia Director Javier Perez-Fortia.
The purpose of this operation is to strengthen the financial structure and fulfill the company’s objective of expanding the network in Spain. In addition to holding shares, Iryo has already launched the equipment to debut on Spanish high-speed trains by purchasing 20 ETR 1000 trains, commonly known as Frecciarossa 1000, and hiring 30 drivers.
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