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Canadian pension fund OMERS, DWS to acquire Italy's group Grandi Stazioni Retail
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Canadian pension fund OMERS, DWS to acquire Italy's group Grandi Stazioni Retail
Aug 6, 2024 9:07 AM

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.

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