IFIL - Banca Intesa, IFIL and Marcegaglia acquire 49% of Sviluppo Italia TurismoDecember 23, 2004
Milan, December 23rd, 2004 - Banca Intesa Spa, Gruppo IFIL and Marcegaglia Spa have
reached an agreement to acquire 49% of Sviluppo Italia Turismo’s (SIT) capital stock from
Sviluppo Italia Spa.
The three private stockholders will acquire SIT’s stake through Turismo&Immobiliare (a new
company equally held by Banca Intesa, Gruppo IFIL and Marcegaglia), that will purchase stocks
and subscribe in to a capital increase of SIT with a total outlay of € 76.4 million.
The closing of the deal is subject to approval by the antitrust authority.
Under the terms of the agreement reached today, the three new private partners will have the
right to take the majority control of SIT by 2009.
Thanks to the partnership with Banca Intesa, Gruppo IFIL and Marcegaglia, Sviluppo Italia will
improve and develop the SIT’s structures, in order to expand the offer to the market and to
increase the incoming tourist streams.
As a first tangible step, SIT will start the planned investments in Puglia, Calabria e Sicily.