Macquarie and CDP completed the acquisition of a 50% stake in Open Fiber from Enel for $3.1bn.

Macquarie Infrastructure & Real Assets, a private equity firm, and CDP, Italian state lender, completed the acquisition of a 50% stake in Open Fiber, a network infrastructure services provider, from Enel, an energy company, for $3.1bn. "With the end of the year we also brought to a close our journey with Open Fiber, which has enabled us to achieve extraordinary results at an industrial level in Italy as well as deepening our knowledge of fiber optics. Thanks to Open Fiber, its management and all our colleagues, we have provided the Country with around 64k kilometers of very high-speed FTTH fiber optic infrastructure, an outcome that, just over six years ago, few would have imagined. Leveraging on a now consolidated expertise on the matter, we continue to look very carefully at opportunities for value creation in other geographies, including through the Stewardship model, supporting increasing interconnection in a context of dynamic, inclusive and sustainable growth," Francesco Starace, Enel CEO and General Manager. On November 9, 2021, CDP and Macquarie are set to secure unconditional EU antitrust approval for their acquisition of Open Fiber.