Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 4

Description of the concentration

This notification concerns the following undertakings:

-- Asterion Industrial Partners SGEIC. S.A. (“Asterion”, Spain), through the investment vehicle MERCURIO MIDCO, S.L.U. (“Mercurio”, Spain);

-- F2i - Fondi Italiani per le Infrastrutture Società di Gestione del Risparmio S.p.A., in the name and on behalf of the fund F2i-Terzo Fondo per le Infrastrutture (“F2i”, Italy);

-- 2i Aeroporti S.p.A. (“2i Aeroporti”, Italy, currently jointly controlled by F2i and by private equity firm ARDIAN (“ARDIAN”, France)).

Asterion and F2i will acquire, within the meaning of Article 3(1), point (b) and Article 3(4) of the Merger Regulation, joint control of 2i Aeroporti (“Transaction”). In particular, as 2i Aeroporti is currently jointly controlled by F2i and ARDIAN, the Transaction will result in the replacement of one of 2i Aeroporti’s two controlling shareholders (ARDIAN) with Asterion. F2i is currently, and will remain post-Transaction, the other controlling shareholder of 2i Aeroporti.

The concentration will be accomplished by way of purchase of shares.

The business activities of the undertakings concerned are:

-- Asterion is an independent investment management firm focused on infrastructure in the European mid-market;

-- F2i is an independent infrastructure fund manager focused mainly on Italian infrastructures;

-- 2i Aeroporti is a holding company engaged in the airport management sector in Italy.

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