Italy state fund to buy up to 6 pct of Hera

MILAN, Sept 3 Mon Sep 3, 2012 12:13pm EDT

Related Topics

MILAN, Sept 3 (Reuters) - Italy's Hera said on Monday it had accepted an offer from state-controlled investment fund Fondo Strategico Italiano (FSI) to buy a stake in the regional utility that could reach about 6 percent.

The agreement sees an investment by FSI of up to 100 million euros, Hera said.

FSI is 90 percent controlled by state-controlled financing group Cassa Depositi e Prestiti.

(Reporting By Stephen Jewkes)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.