Morgan Stanley halts Italian gas storage sale to MIRA

12 January 2021 - 12:00 am UTC

Morgan Stanley Infrastructure Partners has halted talks to sell its stake in Italy’s largest independent gas storage operator to Macquarie Infrastructure and Real Assets (MIRA).

The discussions ended after MIRA lowered its valuation of Ital Gas Storage, which was initially in the EUR 1.2bn range, said two sources familiar with the situation.

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Morgan Stanley halts Italian gas storage sale to MIRA

Morgan Stanley Infrastructure Partners has halted talks to sell its stake in Italy’s largest independent gas storage operator to Macquarie Infrastructure and Real Assets (MIRA).