LONDON, Aug 6 (Reuters) - Canadian public pension fund
OMERS and DWS Group reached a deal to acquire Grandi
Stazioni Retail, the two investors said on Tuesday.
The deal values Grandi Stazioni Retail, owned by Antin
Infrastructure Partners, ICAMAP and Borletti Group,
at between 1.2 and 1.3 billion euros, according to a person with
knowledge of the deal.
The company manages the commercial and advertising leasing
spaces in 14 railway stations in Italy. The stations receive
over 800 million visitors a year, OMERS, or Ontario Municipal
Employees Retirement System, and DWS said in a joint statement.
"We're delighted to acquire Grandi Stazioni Retail, which
marks our entry into Italy," said Alastair Hall, head of Europe
at OMERS Infrastructure.
Asset manager DWS has multiple investments in rail
transportation, including Akiem, Streem and Corelink, as well as
in Italian infrastructure via its investments in Gruppo SAVE,
Rimorchiatori Mediterranei and Ergéa, the companies said.
The deal is expected to be completed by the end of the year.