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Italgas SpA (IG.MI)

IG.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Italgas Acquires 100% Of Seaside
Tuesday, 13 Mar 2018 12:43pm EDT 

March 13 (Reuters) - Italgas ::ACQUIRES 100% OF SEASIDE.THE OVERALL VALUATION OF THE SEASIDE ASSETS (ENTERPRISE VALUE) HAS BEEN SET AT 8.5 MILLION EUROS.  Full Article

Italgas 2017 adj profits jump 34 pct, dividend up 4 pct
Monday, 12 Mar 2018 09:16am EDT 

March 12 (Reuters) - Italgas says::2017 REVENUES UP 4.3 PERCENT Y/Y TO 1.124 BILLION EUROS.2017 ADJUSTED EBITDA 781.2 MILLION EUROS, UP 14.1 PERCENT.TO PAY 2017 DIVIDEND OF 0.208 EUROS PER SHARE, UP 4 PCT.2017 ADJUSTED NET PROFIT UP 34 PERCENT AT 296.4 MILLION EUROS VERSUS ANALYST CONSENSUS PROVIDED BY COMPANY OF 279 MILLION EUROS.NET DEBT END 2017 AT 3.72 BILLION EUROS.  Full Article

Italgas Buys Concession And Gas Distribution Network Of Portopalo
Thursday, 21 Dec 2017 07:36am EST 

Dec 21 (Reuters) - ITALGAS ::SIGNS WITH AENERGIA RETI BINDING AGREEMENT TO BUY BUSINESS UNIT WITH GAS DISTRIBUTION CONCESSION OF PORTOPALO.PRICE OF ACQUISITION IN EUR 2.2 MILLION.BUSINESS UNIT ALSO HAS GAS DISTRIBUTION NETWORK IN CITY OF PORTOPALO DI CAPO PASSERO.  Full Article

Hera Signs Binding Agreement To Sell Italgas 100 Pct Of Medea
Thursday, 21 Dec 2017 07:08am EST 

Dec 21 (Reuters) - HERA AND ITALGAS ::SIGN BINDING AGREEMENT FOR THE TRANSFER TO ITALGAS OF 100 PERCENT OF MEDEA.MEDEA HAS CONCESSION FOR GAS DISTRIBUTION AND SALE IN CITY OF SASSARI.MEDEA'S OVERALL ENTERPRISE VALUE HAS BEEN SET AT EUR 24.1 MILLION.SAY TRANSACTION IS EXPECTED TO BE CONCLUDED WITHIN THE FIRST FEW MONTHS OF 2018.AT CLOSING OF TRANSACTION, PRICE WILL BE PAID ENTIRELY IN CASH, NET OF DEBT.  Full Article

Italgas Signs With EIB Loan Agreement For Eur 360 Mln
Tuesday, 19 Dec 2017 11:45am EST 

Dec 19 (Reuters) - Italgas ::SIGNS WITH EUROPEAN INVESTMENT BANK LOAN AGREEMENT FOR EUR 360 MILLION TO STRENGTHEN ITS DISTRIBUTION NETWORK.FINANCING WILL HAVE VARIABLE INTEREST RATE AND MATURITY IN 20 YEARS.  Full Article

Italgas Signs Binding Agreement With CPL Concordia For Acquisition Of Seven Gas
Thursday, 30 Nov 2017 09:01am EST 

Nov 30 (Reuters) - Italgas ::SAYS SIGNED BINDING AGREEMENT WITH CPL CONCORDIA FOR ACQUISITION OF SEVEN GAS CONCESSIONS IN SOUTHERN ITALY.SAYS DEAL VALUE IS EUR 13 MILLION, CLOSURE IS EXPECTED AT MARCH 2018.  Full Article

Italgas buys all of Ichnusa Gas, valued at 26.2 mln euros
Wednesday, 8 Nov 2017 07:51am EST 

Nov 8 (Reuters) - Italgas says: :has bought 100 percent of regional gas operator Ichnusa Gas, which is valued at 26.2 million euros.at closing, amount will be paid entirely in cash, net of debt.completion expected in the first few months of 2018..  Full Article

Italgas acquires 12 concessions in Campania and Basilicata from Amalfitana Gas‍​
Thursday, 2 Nov 2017 12:55pm EDT 

Nov 2 (Reuters) - ITALGAS SPA : :ACQUIRES 12 CONCESSIONS IN CAMPANIA AND BASILICATA FROM AMALFITANA GAS‍​.THE AGREEMENT INCLUDES CONCESSIONS, NETWORKS, PLANTS AND STAFF‍​.THE VALUE OF AMALFITANA GAS BRANCH ASSETS (ENTERPRISE VALUE) HAS BEEN SET AT EURO 18.5 MILLION.AT THE CLOSING OF THE TRANSACTION, THE SUM WILL BE PAID ENTIRELY IN CASH ‍​.THE COMPLETION OF THE OPERATION IS EXPECTED BY JANUARY 2018 AND IS SUBJECT TO CERTAIN CONDITIONS PRECEDENT‍​.  Full Article

Italgas CEO hopes to make a couple of acquisitions by year end
Monday, 23 Oct 2017 12:00pm EDT 

Oct 23 (Reuters) - The CEO of Italian gas distributor Italgas, Paolo Gallo, says::hopes to make a couple of acquisitions before year end.  Full Article

Italgas 9-month net profit rises 28 pct to beat forecast
Monday, 23 Oct 2017 08:01am EDT 

Oct 23 (Reuters) - Italgas says::9-month Ebitda 578 million euros versus 575 million euros in analyst consensus provided by company.9-month net profit rises 27.8 percent to 213 million euros versus 210 million euros in analyst consensus provided by company.sees increase in investments this year from the previous year.  Full Article