Key Takeaways:
Italian infrastructure group Mundys will acquire up to 9.5% of Getlink’s share capital, increasing its potential voting rights in the Channel Tunnel operator to 29.9% and solidifying its position as a top shareholder.
The transaction "further confirms Mundys’ commitment, initiated in 2018, to support Getlink, its management, its employees and its long-term strategy," the company said in a regulatory announcement on March 31.
Mundys will acquire 3.5% of Getlink's shares upfront, raising its holding to 19.0% of the share capital and up to 24.9% of voting rights. A further 6.0% may be acquired upon receiving regulatory approval, which is expected by April 2026.
The investment strengthens Mundys’ focus on France, its most significant market. Should the full transaction complete, Mundys' voting rights will approach those of top shareholder Eiffage, though Mundys stated it has no intention to take control.
Mundys, which is controlled by Edizione with Blackstone as its second-largest shareholder, has invested approximately €11 billion in French infrastructure. The group's assets in the country include motorway concessions SANEF, SAPN, and A63 through its Abertis unit, as well as the Aéroports de la Côte d’Azur, which operates Nice Airport.
France represented the largest portion of Mundys' business in 2025, contributing 28% of its consolidated EBITDA. The company employs around 6,000 people in the country.
The move signals continued confidence in long-term infrastructure assets. The next key catalyst for the investment will be the regulatory decision on the additional share acquisition, expected by the end of April 2026.
This article is for informational purposes only and does not constitute investment advice.
