Nuovo Trasporto Viaggiatori (“NTV”) is a privately owned High Speed Trains operator, created by a group of Italian entrepreneurs following the European Union directive aimed at liberalizing the railway system.

NTV is the first and largest European private-sector high speed train operator, and the second largest player in Italy after government-owned Trenitalia. It is mostly known for its Italo trains.

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Peninsula invested in the company by acquiring a significant minority stake in 2017, and afterwards reinvesting a portion of its stake alongisde G.I.P. in the 2018 transaction.