Pavia e Ansaldo, with a team composed of the partner Meritxell Roca Ortega and the associate Silvia Galbusera, assisted Renfe, through its subsidiary Renfe Proyectos Internacionales, and Serena Industrial Partners in their entry into the Italian market as rail operators, with the subscription of a 33% stake each in the corporate capital of Longitude Holding, a private Italian company operating under the Arenaways brand.

Longitude Holding is a private Italian company founded in Turin in 2021 by a group of investors with over 30 years of experience in the sector and holds the necessary authorisations to operate both regional and long-distance routes in Italy.

The deal is the Spanish companies' first step into Italy and will begin with the reopening of a regional passenger service in Piedmont next January.

With this agreement in Italy, Renfe expands its activities to a new market and advances its strategy of becoming a global company and exporting its experience as a public service operator and leader of the largest high-speed network in Europe. For Serena, this transaction represents the first milestone in the Italian market, which it considers geographically strategic for the development of its activities and where it has a significant pipeline of opportunities in mobility, environmental and social projects.

ADVANT Nctm advised Longitude Holding with a team composed of the partner Carlo Grignani and the associate Achille Capocasale.