Azerbaijan buys shares in Italian railway operator
The State Oil Fund of Azerbaijan (SOFAZ) has invested 34.5 million euros in Italy's leading high-speed railway operator, Italo - Nuovo Trasporto Viaggiatori S.p.A (Italo), by joining an investment fund managed by Global Infrastructure Partners (GIP), a part of the US company BlackRock, according to SOFAZ.
According to the fund, established in 2012, Italo is one of the leading companies in the sector as Italy's first private high-speed passenger railway operator, News.Az reports citing local media.
The company operates on routes covering 54 Italian cities, including the Milan-Rome corridor, with a fleet consisting of 25 AGV 575 and 26 Italo EVO trains capable of reaching speeds up to 360 km per hour.
In 2024, MSC, operating in the global container transportation sector, acquired approximately 50% of Italo shares from GIP. The remaining 50% stake belongs to GIP, co-investors, and funds managed by GIP, including SOFAZ.
Characterized by high operational performance, Italo has significant growth potential against the background of increasing demand for sustainable mobility solutions. This investment has strategic importance in terms of diversifying SOFAZ's investment portfolio by making investments in sustainable infrastructure assets as a long-term investor.
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