Transportation

Italy’s Ferrovie to Seek Investors for High-Speed Rail Network, CEO Says

Stefano DonnarummaPhotographer: Stephanie Gengotti/Bloomberg

Italy’s state railway Ferrovie dello Stato SpA is moving ahead with plans to sell minority stakes in its high-speed train network, Chief Executive Officer Stefano Donnarumma said.

The head of a vast company whose tracks total almost 17,000 kilometers (10,600 miles) throughout the euro zone’s third-biggest economy wants to build up an investor base that broadens ownership of some of the country’s major lines.