Generali and Unicredit are seeking to invest together with one of the six bidders for Italian fibre network owner Metroweb, according to reports translating local daily Milano Finanza.
Back in February, incumbent Telecom Italia CEO Franco Bernabe, told…
Generali and Unicredit are seeking to invest together with one of the six bidders for Italian fibre network owner Metroweb, according to reports translating local daily Milano Finanza.
Back in February, incumbent Telecom Italia CEO Franco Bernabe, told journalists that his company was keeping an eye on the sale of the group, which is reportedly valued at E430m-E450m.
TelecomFinance understands that Lazard has been hired to explore a possible sale for Metroweb, which is 76.5% owned by Stirling Square Capital Partners (SSCP) and 23.5% owned by domestic utility A2A.
A person close to the process said the sale was likely to be completed before summer.
“Metroweb is viewed as an infrastructure asset which might be of interest for international infrastructure funds and private equity funds especially,” the source added.
Metroweb, which was unable to comment on the speculation, reported E42m in EBITDA and revenues of approximately E52m for 2010. This compares to EBITDA and sales of E29.6m and E39m, respectively, for 2006, when SSCP acquired its stake.
