- Europe, like you've never read before -
Thursday, 10 July 2025
No Result
View All Result
  • it ITA
  • en ENG
Eunews
  • Politics
  • World
  • Business
  • News
  • Digital
  • Green
  • Agriculture
  • Other sections
    • European Agenda
    • Culture
    • Sports
  • Newsletter
  • European 2024
  • Politics
  • World
  • Business
  • News
  • Digital
  • Green
  • Agriculture
  • Other sections
    • European Agenda
    • Culture
    • Sports
No Result
View All Result
Eunews
No Result
View All Result

Home » Business » EU green light, Italo-NTV in Swiss and U.S. hands

EU green light, Italo-NTV in Swiss and U.S. hands

EU antitrust says 'yes' to joint control by MSC (49.23 percent) and Global Investment (34.38 percent). High-speed train company now foreign and non-EU majority owned

Emanuele Bonini</a> <a class="social twitter" href="https://twitter.com/emanuelebonini" target="_blank">emanuelebonini</a> by Emanuele Bonini emanuelebonini
28 February 2024
in Business

Brussels – Farewell Italo: first American, then Swiss, finally Swiss-American. What is certain is that the rail company active in high-speed rail stops for good, officially and once more, being primarily Italian and European. The European Commission gave the green light to MSC of Switzerland and Global Investment of the U.S. to purchase joint control. These two groups will manage the company founded in 2006 by Luca Cordero di Montezemolo, Gianni Punzo, Diego Della Valle, and Giuseppe Sciarrone. NTV had already been sold to Global Investment in 2018, with the approval from the community executive. In October 2023, MSC entered the scene, taking over what was left of the Italian high-speed passenger transport alternative to Trenitalia by acquiring a 50 percent stake. Now the new arrangement: based on the proposed transaction notified to the EU Commission, MSC will retain 49.23 percent of the shares and Global Investment 34.38 percent. Non-EU operators will therefore own 83.61 percent of Italo-NTV.

However, it remains, albeit formally, a part of the European Union, as MSC will control the company active in high-speed rail transport through SAS – Shipping Agencies Services, MSC’s holding company based in Luxembourg. SAS is active in container shipping services, ocean cruises, passenger shipping services, tour operator services, and travel agency services. Global Investments, on the other hand, is an infrastructure investor in energy, transportation, digital, water, and waste.

The link-up between these two different groups led the EU antitrust authority to consider that the proposed business transaction would not pose problems for the functioning of the internal market or for competition in the sector in which Italo is active. Hence, the green light came after not even a month of review. The merger request was filed and registered in Brussels on Feb. 2.

English version by the Translation Service of Withub
Tags: antitrusthigh speeditalomscrail transporttransportationtreni

Eunews Newsletter

Related Posts

No Content Available
map visualization
Habeck

Germany elections: Robert Habeck to be Green Party’s chancellor candidate

by Francesco Bortoletto bortoletto_f
18 November 2024

The economy minister has a firm grip on the environmental party, which will now support him between now and the...

von der leyen lula g20 mercosur

Von der Leyen at G20 pushes to close EU-Mercosur deal. Now Italy, too, looks to the no front led by France

by Simone De La Feld @SimoneDeLaFeld1
18 November 2024

The Free Trade Agreement with the four Latin American countries has been at a standstill for nearly a quarter century....

germania

Immigration: Johansson warns Germany: ‘Ready for infringement procedure, if necessary’

by Emanuele Bonini emanuelebonini
18 November 2024

Home Affairs Commissioner reminds of the prerogatives and limits of member states. "Each state still remains bound by EU rules"

Antonio Tajani

Tajani appeals to the EPP and Socialists on EU vice-presidencies: ‘Serious mistake to waste time on political whims’

by Simone De La Feld @SimoneDeLaFeld1
18 November 2024

The Ribera case in Spain is making headlines, with the Partido Popular warning that it will not support the formation...

  • About us
  • Contacts
  • Director’s Point of View
  • Privacy Policy
  • Cookie policy

Eunews is a registered newspaper - Press Register of the Court of Turin n° 27

Copyright © 2023 - WITHUB S.p.a., Via Rubens 19 - 20148 Milan
VAT number: 10067080969 - ROC registration number n.30628
Fully paid-up share capital 50.000,00€

No Result
View All Result
  • it ITA
  • en ENG
  • Politics
  • World politics
  • Business
  • General News
  • Digital
  • Green Economy
  • Agriculture
  • European Agenda
  • Culture
  • Sports
  • Opinions
  • Newsletter

No Result
View All Result
  • it ITA
  • en ENG
  • Politics
  • World politics
  • Business
  • General News
  • Digital
  • Green Economy
  • Agriculture
  • European Agenda
  • Culture
  • Sports
  • Opinions
  • Newsletter

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.

Attention