Baker McKenzie, with a team coordinated by Counsel Giorgio Telarico and composed of Counsel Domenico Mino Palumbo and Junior Associate Danila Quetti, assisted Gaia S.p.A. — a company that manages the Integrated Water Services in the territorial authority n. 1 "Toscana Nord" — with a public procedure to select a sponsor for the EUR 105 million needed to realize the investment planned by the Water Services Management Plan.

The procedure was won by a pool of seven banks composed of MPS Capital Service Banca per le Imprese S.p.A., Banca Monte dei Paschi di Siena S.p.A., Banca IMI S.p.A, Intesa Sanpaolo S.p.A., UBI Banca S.p.A., Banco BPM S.p.A. and Credito Valtellinese S.p.A.

The financing will be allocated to realizing part of the investments envisaged by the Water Services Management Plan until the end of the assignment scheduled in 2034.

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