Open Fiber sale approved by EC

12 Nov 2021

The EC has approved the sale of a 50% stake in Italian wholesale telco Open Fiber. Australian infrastructure investment firm Macquarie has been cleared to acquire a 40% interest, while Italy’s state lender Cassa Depositi e Prestiti (CDP) is increasing its stake by 10% to 60%. The 50% holding was offloaded by Open Fiber’s founding shareholder, utility group Enel. EC regulators said the deal would not raise competition concerns.

Italy, Enel, Macquarie Group, Open Fiber