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Hera SpA completes transactions between Eni SpA and Hera's AcegasAps relating to stakes in Est Reti Elettriche, Est Piu and Isontina Reti Gas


Thursday, 12 Dec 2013 12:24pm EST 

Hera SpA:Says it has given execution to the framework agreement signed between Eni SpA and Hera's AcegasAps signed on Sep. 30.Says AcegasAps has concluded the acquisition of 70 pct stake in Est Reti Elettriche, previously held by Eni, thus reaching a 100 pct stake.Says Eni has concluded the acquisition of 30 pct stake in Est Piu, previously held by AcegasAps, thus reaching a 100 pct stake.Says AcegasAps has also increased its stake in Isontina Reti Gas to 50 pct stake, while the remaining 50 pct is held by Eni.Says Est Reti Elettriche is an electricity distribution company with about 22,000 users connected.Says Est Piu is a company focused on selling gas and electricity, with about 70,000 delivery points.Says Isontina Reti Gas is a company operating in gas distribution with 59,000 managed delivery points. 

Company Quote

52.78
-0.02 -0.04%
11:30am EDT