<p data-path-to-node="2">Advancing its European inland network, PSA Intermodal Italy, alongside joint venture partner Logtainer, has executed a definitive shareholder agreement with Interporto Padova to develop and run the intermodal terminal in Padua. The contract clears the way for the launch of a new special-purpose operating entity, <b data-path-to-node="2" data-index-in-node="329">PSA Padova</b>, which will take over complete management and asset expansion of the northeastern Italian rail freight hub.</p><p data-path-to-node="3">The formal closing builds directly upon a competitive public tender victory originally finalized by the corporate partners in December 2025.</p><h3 data-path-to-node="5"><b data-path-to-node="5" data-index-in-node="0">Capital Structure and Node-to-Network Strategy</b></h3><p data-path-to-node="6">The deal establishes a strategic equity partnership, transferring a <b data-path-to-node="6" data-index-in-node="68">70% majority stake</b> in the newly structured Intermodal Terminal Padova Srl to the private consortium:</p><ul data-path-to-node="7"><li><p data-path-to-node="7,0,0"><b data-path-to-node="7,0,0" data-index-in-node="0">Operating Control:</b> Under the revised corporate governance framework, PSA Intermodal Italy assumes majority control and total day-to-day operational responsibility for the terminal.</p></li><li><p data-path-to-node="7,1,0"><b data-path-to-node="7,1,0" data-index-in-node="0">Local Continuity:</b> Public authority Interporto Padova will retain a 30% minority block, ensuring structural alignment with regional Veneto logistics priorities and local industrial supply chains.</p></li><li><p data-path-to-node="7,2,0"><b data-path-to-node="7,2,0" data-index-in-node="0">Corporate Governance:</b> The newly designated Board of Directors will be led by Chairman Roberto Ferrari, joined by board members Kim Puay Terence Lee and Pascal Willy J. Reinards representing the majority partners.</p></li></ul><p data-path-to-node="8">The joint venture directly supports PSA Group's overarching "Node-to-Network" (N2N) global strategy, designed to build seamless, lower-emission rail linkages connecting its deepwater container gateways in Genoa and Venice with critical central European hinterlands.</p>