F2i holds exclusive talks with Ardian over sale of 49% stake in F2i Aeroporti
F2i, the Italian infrastructure fund, has opened exclusive talks with private equity fund Ardian for the sale of a 49% stake in F2i Aeroporti, the vehicle that holds F2i's airport assets in Italy , reported Italian language daily Milano Finanza. The report cited a decision by F2i's board of directors made yesterday 22 December.
The report said that Ardian is being advised by Societe Generale.
The item added that the other two bidders are Deutsche Bank and IFM.
F2i Aeroporti is valued at EUR 800m, according to the report.
As previously reported, F2i Aeroporti holds airport assets with an EBITDA in 2013 of EUR 254m and revenues of EUR 1bn, while debt stands at EUR 545m.
Milano Finanza daily edition