F2i’s two Funds achieved a total profit of over 120 million Euros for the 2014 financial year.
F2i, one of the largest infrastructure funds worldwide, recently officially disclosed some insights on its 2014 balance sheet. F2i’s CEO Renato Ravanelli presented the 2014 results on March 23rd during the shareholders’ meeting: the data are positive for both funds managed by the company. On that same occasion, the renewal of the top management was completed with the appointment of Bernardo Bini Smaghi as President.
In 2014, F2i’s First Fund (which already almost totally invested its initial asset of 1,852 million Euros in various branches of the Italian infrastructures) recorded an operating profit for the last fiscal year of 110.3 million Euros, with 104.4 million Euro dividends from the participated companies and 19.5 million Euro net capital gains. This represents an important achievement, along with F2i’s Second Fund‘s good performance resulting in a total 9.9 million Euro operating profit for the last fiscal year, with 9.8 million Euro from the participated companies and 11.5 million Euro net capital gains.
During the board meeting, CEO Renato Ravanelli updated the stakeholders on F2i’s recent transactions. These include the Fund’s expansion in the renewable energy sector with the acquisition – through its Second Fund – of Edens’ 70% share (a company controlling wind farms with a total capacity of approximately 600 MW) and of E.On Climate and Renewables Italia Solar Srl’s entire asset (a company holding photovoltaic plants with a total capacity of approximately 50 MW).
F2i also recently announced a partnership agreement for the sale of F2i’s Aeroporti’s 49% share – the airport holding chaired by Mauro Maia (F2i’s Senior Parnter) that controls F2i’s major shares in the airport sector – to the Ardian and Crédit Agricole Assurances consortium. According to a press release from F2i, the operation is expected to close in the upcoming weeks.
F2i 