FSI may set up newco to invest in utility sector and open it to outside investors
FSI, the state-owned strategic investment fund, is looking to set up a newco to invest in the country's utilities sector, Italian language daily Milano Finanza reported. The unsourced report said that up to a 49% stake in the newco could be sold to outside investors.
The report said that the newco could have funds of EUR 2-3bn to buy stakes in Italian utilities, particularly in southern Italy.
Source Milano Finanza daily edition