The Italian State has become the controlling shareholder of the high-speed rail operator Iryo, reaching a 51% stake in its capital after purchasing 6% from Air Nostrum, according to the public accounts of the Italian public company Ferrovie Dello Stato Italiane.
In this way, the Italian public operator, Trenitalia, has come to control 51% of the shares, the Valencian airline Air Nostrum 25% of the total and the Spanish mobility company Globalvia, 25%.
“The operation is part of the investment agreement signed between the partners since the beginning of the project and does not change the direction of the company,” company officials told Europa Press.
Specifically, the operation was carried out on July 3 for an amount of 15 million euros, as reported by ‘El Economista’ and reported by the Italian company in its latest semi-annual accounts. Based on this price, Iryo would currently be valued at €250 million.
In 2023, the operator obtained losses of 79 million euros, which means expanding the ‘red numbers’ of 25 million euros that it registered in the previous year, although in 2022 it only operated the last weeks of the year, compared to the entire year. of 2023.
The latest annual accounts deposited in the Commercial Registry show total income of 212 million euros, in contrast to the 4.8 million of the previous year.
The operating result was also negative, at 67 million euros, after transporting 6 million passengers on its trains in 2023 with an average occupancy (proportion of seats occupied on the train) of 65.7%.
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