The Italian State acquires a majority stake in Iryo




He Italian state became the controlling shareholder of the high-speed rail operator Irioupon reaching 51% share in its capital after purchasing a 6% stake in Air Nostrum, according to public reporting by the Italian public company Ferrovie Dello Stato Italiane.

Thus, the Italian state operator Trenitalia came to control 51% of the shares, the Valencian airline Air Nostrum – 25% of the total, and the Spanish mobile company Globalvia – 25%.

“This operation is part of the investment agreement signed between the partners since the beginning of the project and does not change the direction of the company,” company sources said.

The operation took place in July

In particular, the operation It was carried out on July 3 in the amount of 15 million euros. as reported by El Economista and reported by the Italian company in its latest semi-annual reports. Based on this price, Irio is currently valued at €250 million.

The operator made losses of €79 million in 2023, an expansion of the €25 million red figures it recorded the previous year, although in 2022 it only operated in the final weeks of the year compared to the whole year. 2023.

The latest annual reports filed with the Commercial Register show total revenues of 212 million euros, up from 4.8 million in the previous year.

The operating result was also negative at €67 million after transporting 6 million passengers on trains in 2023 with an average occupancy rate (percentage of train seats occupied) of 65.7%.

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