January 31, 2020 / 12:06 PM / 20 days ago

Stake in Italy's Ascopiave bought by A2A was sold by Amber -source

MILAN, Jan 31 (Reuters) - A 4.16% in Italian natural gas and power distributor Ascopiave stake bought by utility A2A on Friday was sold by private equity firm Amber, a source close to the matter said Reuters.

“A2A has decided to buy the stake from the fund because it has an industrial sense,” the source added.

Rival utility Hera said in a statement on Friday it had bought a 2.5% stake in Ascopiave from Amber fund.

Reporting by Giancarlo Navach; editing by James Mackenzie

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