Italy's railway eyes IPO of long-distance services as it diversifies

Cernobbio, Italy

A STUDY by Italy's state-owned railway company shows spinning off long-distance train services and listing them on the stock market would be beneficial, but the plan is on hold pending government approval, its chief executive said.

Ferrovie dello Stato had initially aimed for a bourse listing of its high-speed and long-distance trains business this year but the plan stalled after Prime Minister Matteo Renzi resigned last December.