OPEN FIBER COMPLETES ACQUISITION OF METROWEB

New Board of Directors appointed: Chairman Franco Bassanini, CEO Tommaso Pompei


Rome, December 20th, 2016 - OpEn Fiber S.p.A. ("OF", the new name of Enel Open Fiber S.p.A.), today completed the acquisition of the entire share capital of Metroweb Italia S.p.A. ("Metroweb") from F2i SGR S.p.A. ("F2i") and FSI Investimenti S.p.A., for approximately 714 million euros.

The financial resources for the acquisition came from the capital contributions of Enel S.p.A. ("Enel") and CDP Equity S.p.A. ("CDPE"), a company of Cassa Depositi e Prestiti Group, which as of today have equal stakes in the share capital of OF.

In order to reflect the new ownership structure, the Shareholders’ Meeting of OF appointed a new Board of Directors composed of Franco Bassanini (Chairman), Tommaso Pompei, Guido Rivolta, Elisabetta Ripa, Francesca Di Carlo and Francesca Romana Napolitano. The new Board will remain in office until the approval of the financial statements as of December 31st, 2018.

The new Board of Directors of OF met immediately after the Shareholders’ Meeting, appointing Tommaso Pompei to serve as Chief Executive Officer of the company.

The Shareholders’ Meeting of OF also appointed the new Board of Statutory Auditors composed of Giuseppe Galeano (Chairman), Francesca Marchiori and Pietro La China (Regular Auditors), as well as Niccolò Poggio and Anna Rosa Adiutori (Alternate Auditors).

In the coming days, the deed of the merger by incorporation of Metroweb and its fully-owned subsidiaries into the group’s company named Metroweb S.p.A. is scheduled for signing. Once this transaction is completed, the merger by incorporation of Metroweb S.p.A. into OF will begin.

As regards the option to purchase a stake of OF share capital granted by Enel and CDPE to F2i, negotiations continue between the parties to define the terms of any reinvestment by F2i in OF.

Under the terms of the agreements between the parties, even in the case of reinvestment by F2i, Enel and CDPE will continue to exercise joint control of OF.

 


All Enel press releases are also available in smartphone and tablet versions. You can download the Enel Corporate App at Apple Store and Google Play.

Microsoft Word - Closing Metroweb ENG

PDF (0.05MB) Descargar

For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”). 
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.