Edition:
United States

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​. 

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