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Hera was created on November 1st, 2002 from the first significant consolidation operation in the Italian multi-utility sector. Hera in fact was created from the merger of 11 companies in the local utility sector operating in the Emilia-Romagna region with the objective to improve the quality of service to its citizens in fundamental sectors such as energy, water and waste management services, and to realise significant synergies and efficiencies benefiting from economies of scale. The founding shareholders of Hera were 139 Municipalities in the provinces of Bologna, Ravenna, Rimini, Forlì-Cesena and the area of Imola. Following this first merger, Hera has continued to integrate other small-mid sized multi-utility companies operating in contiguous territories reaching a coverage of over 70% of Region Emilia-Romagna and expanding its perimeter also in Veneto, Friuli, Lombardia, Marche and Abruzzo regions.
9,335
Italy
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Sector
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ISIN
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