Rome, June 26, 2007—Shearman & Sterling acted as US and English counsel to the underwriters Citigroup Global Markets Limited and Mediobanca - Banca di Credito Finanziario S.p.A. in connection with the listing and initial public offering of shares of Landi Renzo S.p.A. (Landi Renzo) on the Milan Stock Exchange. The global offering involved an Italian public offering together with an offering to institutional investors internationally, including in the United States.

Landi Renzo designs and manufactures automobile fuel systems that run on compressed natural gas or liquefied petroleum gas (LPG). These environmentally-friendly fuel systems can be integrated into the initial design and manufacturing of an automobile or can be installed "after-market" to convert traditional gas or diesel fuel systems to run on natural gas or LPG.

The Shearman & Sterling team was led by partner Robert Ellison (RM-CM), assisted by associates Ethan Perry (RM-CM) and Edward Balsamo (RM-CM). The transaction also involved partners Danforth Newcomb (NY-LT) and Peter King (LN-MA) and associate Mei Lian (LN-EF).