Fusioni & Acquisizioni

🛫 The era of Dws and Infravia in Milione ends as they sell shares to Finint Infrastrutture and Ardian, each holding 50%. Enrico Marchi retains presidency. The deal finalizes soon, with Milione valued at €1.2 billion, managing Venice, Verona, Treviso, and Brescia airports. In 2024, 11.6 million passengers used these airports. Ardian, familiar with Italian airport operations, previously held stakes in Malpensa and Linate until 2024 and owns London Heathrow.

🍷 Balan Srl and Masseria Li Veli form a strategic alliance in Italy's wine distribution. Balan becomes the official distributor for Li Veli wines nationwide, while Masseria Li Veli exclusively distributes Balan's catalog in Puglia. Balan's portfolio expands with two prestigious wineries: Veneto's Nicolis and Tuscany's San Filippo. This partnership enhances market presence and highlights territorial identities, offering a diverse wine selection across Italy, as emphasized by leaders Daniele Balan and Edoardo Falvo.

🚄 Arsenale acquires Golden Eagle Luxury Trains, creating the first global luxury rail tourism group. Golden Eagle operates iconic routes like Paris to Istanbul. By year-end, 30% of the acquisition will be cash, 70% shares. Arsenale aims to expand in Asia and renew Golden Eagle's fleet with Italian support. The integration strengthens operations in Europe, Asia, and Saudi Arabia, enhancing synergies and margins across marketing, sales, procurement, and operations.

🏨 Barceló collaborates with KanAm to expand in Europe by investing in hotel assets across Northern and Western Europe. The focus is on acquiring and developing 4- and 5-star hotels in major and secondary cities, both urban and leisure sectors. Barceló will manage properties through long-term leases. Priority markets include Germany, Austria, and Switzerland, with interest in France, Benelux, UK, Ireland, the Nordic countries, and Italy.

💸 NewPrinces SpA, on September 2025, completed the acquisition of Diageo Operations Italy SpA for €100 million. The company recorded €229.8 million in revenues and €18.3 million net profit by June 30, 2024. Diageo Italy is now Princes Ready to Drink SpA. Located in Santa Vittoria d'Alba, Italy, the site will continue supplying Diageo affiliates for over a year, enhancing NewPrinces' beverage market position, including spirits and RTD segments.

📈 BWH Hotels Italy & South-East Europe, led by CEO Sara Digiesi, expands to 15 countries in South-East Europe and the Mediterranean, adding 30 hotels to its 170 Italian establishments, totaling over 200. This strategic shift aims for an aggregated revenue exceeding €415 million. Countries in the expansion include Albania, Greece, Romania, and others. Larry Cuculic, Global CEO of BWH Hotels, emphasizes the group's strategic European growth. Malta's addition in 2024 marked the start of this international journey.

🛩 Aegean plans a new capital injection into Volotea, a year after a €25 million operation. CEO Eftichios Vassilakis noted positive outcomes for 2024 and potential improvements for 2025. Amid Volotea's financial struggles post-COVID, Aegean's initial agreement involved converting debt to acquire 13% and potentially up to 21% of shares. Capitalization hasn't occurred yet, with decisions on increasing stakes expected in the coming weeks.

🏠 Probios Group acquired a 60% stake in BMS Srl, increasing from 30%, with support from Agreen Capital in Spoleto. In 2024, Probios also acquired BiotoBio and five historic brands, achieving over €100 million in revenue and a presence in 45 countries. This strategic move enhances their supply chain control, boosts production capabilities, and strengthens competitiveness. The acquisition aligns with their plan to be a European leader in healthy, sustainable food.

🏨 Soges Group sold the Hotel Borgo di Cortefreda to Palazzo Costanzi S.r.l. while securing a long-term lease. The lease spans nine years, renewable for another nine, with an annual fee of €370,000 plus VAT. The property, bought for €3,292,268 from Intesa Sanpaolo, was sold for €4,900,000 plus taxes. CEO Andrea Galardi highlighted this move as a strategic step to enhance financial flexibility and ensure ongoing management under the Place of Charme brand.

✈️ Lufthansa Group is undergoing significant changes, with plans to centralize all companies in Frankfurt by January 1, 2026, and potentially acquire a 90% stake in Ita Airways by mid-2026. The group aims to enhance integration among Lufthansa, Swiss, Austrian Airlines, and Brussels Airlines, while maintaining their autonomy in customer experience. Additionally, Lufthansa might play a key role in TAP's privatization. An announcement regarding Ita Airways might occur by the end of September.