Shares of Getlink (EU:GET) gained over 4% on Tuesday after Italian infrastructure group Mundys announced plans to increase its holding in the cross-Channel transport operator to as much as 25%, subject to regulatory clearance.
Mundys said Monday that it will immediately acquire 3.5% of Getlink’s share capital, while securing an option to purchase a further 6%, pending approval from the UK government under the National Security and Investment Act 2021. That decision is expected by April.
The investment will be executed through Mundys’ wholly owned subsidiary, Aero 1 Global & International S.à r.l.
Once the initial transaction is completed, Mundys will own 19% of Getlink’s share capital and up to 24.9% of its voting rights. If regulatory approval is granted, the group’s stake could increase to 25% of the company’s capital and up to 29.9% of voting rights.
These figures are based on Getlink’s capital structure of 550 million shares and 699,916,029 voting rights, as reported on March 11.
Mundys also noted it could consider further purchases depending on market conditions, though it emphasized that it has no plans to take control of the company or seek additional board representation. The group said the move builds on its long-term partnership with Getlink, which began in 2018.
Mundys, controlled by Edizione with Blackstone as its second-largest shareholder, operates motorway and airport concessions in 24 countries. France represents its biggest market, accounting for 28% of EBITDA in 2025.
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