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Today GIC Special Investments Pte Ltd (“GICSI”) has acquired a 3% stake in Sintonia S.A. (“Sintonia”) from Sintonia S.p.A. pursuant to the terms of the agreement signed on 11 March 2008. Under the terms of the transaction, GICSI has also undertaken to subscribe to capital increases of approximately €850 million in Sintonia to reach fully diluted stakes of 14.3%. As a result, the fully diluted ownership of Sintonia will be 66.6% for Sintonia S.p.A., 14.3% each for GS Infrastructure Partners I and GICSI and 4.8% for Mediobanca S.p.A.. Based on the shareholders agreement, the shareholders’ meeting has appointed Mr. Ang Eng Seng as Director of the Board of Sintonia. Sintonia’s asset portfolio includes direct and/or indirect stakes in Atlantia S.p.A., Aeroporti di Roma S.p.A. (via an 85.45%...
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