SAGAT
Native name
Società Azionaria Gestione Aeroporto Torino S.p.A.
Typeprivate Società per Azioni
IndustryAirport operator
Headquarters12 Strada San Maurizio,
Caselle Torinese
,
Italy
RevenueSteady €58,161,615 (2014[1])
Increase €1,727,164 (2014[1])
Increase €3,356,723 (2014[1])
Total assetsDecrease €118,553,793 (2014[1])
Total equityDecrease €45,803,975 (2014[1])
Owner
Parent
Subsidiaries
  • Aeroporti Holding (55.45%)
WebsiteOfficial website

Società Azionaria Gestione Aeroporto Torino S.p.A. (SAGAT) is the operator of Turin Airport. The controlling interests of the company was purchased by Italian Infrastructures Investment Fund I in January 2013.

History

In December 2012 Italian Infrastructures Investment Fund I (F2i First Fund) acquired 28% stake of SAGAT from FCT Holding, a subsidiary of the Comune of Turin, for €35 million.[2] The fund acquired a further 22.786% from Sintonia, a holding company for Benetton family in the same month. Sintonia sold their 24.385% stake to F2i and Tecnoinvestimenti (1.599%, a subsidiary of Tecno Holding, owned by several chambers of commerce), for €30.5 million, after failing to bid the stake held by the Comune of Turin.[3][4] The shares held by Aeroporto Guglielmo Marconi di Bologna (4.13%) was purchased by 2i Aeroporti and Tecnoinvestimenti for €5.166 million on 27 January 2014.[5] F2i First Fund sold 49% shares of 2i Aeroporti to Ardian and Crédit Agricole Assurances in February 2015.[6][7]

Shareholders

As of 31 December 2014

Subsidiaries

Aeroporti Holding S.r.l., a joint venture of SAGAT (55.45%),[1] Equiter (35.31% stake)[1] and Tecnoinfrastrutture (9.24%),[1] was a minority owner of Aeroporto Guglielmo Marconi di Bologna (5.913%)[8] and Aeroporto di Firenze (AdF; 33.402% stake), the operator of Bologna and Florence Airport, respectively. The minority interests in AdF was sold to Corporación América in February 2014.[9]

References

  1. 1 2 3 4 5 6 7 8 "2014 Annual Report" (PDF). Società Azionaria Gestione Aeroporto Torino. 29 October 2015. Retrieved 15 March 2016.
  2. "Aircraft and finance. F2i acquires a 28% stake in Sagat, the management firm of Turin Airport". World Aeronautical Press Agency. 19 December 2012. Retrieved 15 March 2016.
  3. "Nota Stampa" (PDF) (in Italian). F2i SGR. 27 December 2012. Retrieved 15 March 2016.
  4. "Sagat, Sintonia finalizza cessione quota a F2i e Tecnoinvestimenti" (in Italian). Reuters. 21 January 2013. Archived from the original on 15 March 2016. Retrieved 15 March 2016.
  5. "2013 Bilancio" (PDF) (in Italian). Aeroporto Guglielmo Marconi di Bologna. 23 June 2014. Retrieved 15 March 2016.
  6. "F2i CHOOSES ARDIAN AND CREDIT AGRICOLE ASSURANCES TO PURSUE ITS DEVELOPMENT IN THE AIRPORT INDUSTRY" (PDF). Ardian, Crédit Agricole Assurances and F2i SGR. 6 February 2015. Retrieved 15 March 2016.
  7. "Exclusive: Italy's F2i to sell stake in airport holding company". Reuters. 22 May 2014. Retrieved 15 March 2016.
  8. "Azionisti rilevanti di AEROPORTO GUGLIELMO MARCONI DI BOLOGNA SPA". CONSOB. 8 March 2016. Retrieved 10 March 2016.
  9. "F2i. AdF SpA: agreement reached between Aeroporti Holding Srl and Cedicor SA". World Aeronautical Press Agency. 27 February 2014. Retrieved 15 March 2016.
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