The Commission says it has concluded that the proposed acquisition would not raise any competition concerns because the companies are not active in the same market or in vertically-related markets.
Nuovo Trasporto Viaggiatori is Europe’s first private open access operator of 300 km/h high-speed trains.
GIP’s €1.94-billion bid for the entire share capital of Italo-NTV was accepted by the Italian company’s shareholders in February.
Global Infrastructure Partners has more than $40 billion under management. The companies in its portfolio have combined annual revenues of more than $5 billion and employ around 21,000 people. In the transport sector, GIP owns Gatwick and Edinburgh airports in Britain, the Port of Melbourne and Australian rail freight operator Pacific National.