Italy's FSI creates investment firm with Kuwait Investment Authority

The new vehicle, FSI Investimenti, will be 77% owned by FSI and 23% owned by KIA.

As part of the partnership, FSI will transfer the majority of its portfolio to FSI Investimenti including its interests in Metroweb Italia, Kedrion, IQ Made in Italy Investment Company and 44.55% of Ansaldo Energia.

The GP's stakes in Assicurazioni Generali, earmarked for exit in 2015, and 40% shareholding in Ansaldo Energia, which is to be sold to Shanghai Electric, are excluded from the transaction. 

Both parties will commit €500m, with €352m to be committed by KIA in the coming days. FSI Investimenti remains open to new commitments from other investors.

FSI Investimenti will retain the same strategy as FSI, though gaming and alcohol will be excluded as fields in which KIA cannot invest.

FSI will continue to hold governance rights in the portfolio companies transferred to FSI Investimenti.

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• Topics
• Southern Europe
• Italy
• Fondo Strategico Italiano