Ascopiave

M&A Activity • Dec 19, 2024

Informazione Regolamentata n. 0887-64-2024	Data/Ora Inizio Diffusione 19 Dicembre 2024 19:43:46		Euronext Star Milan
Societa'	:	ASCOPIAVE
Identificativo Informazione Regolamentata	:	199700
Utenza - Referente	:	ASCOPIAVEN01 - Rossetto Irene
Tipologia	:	2.2
Data/Ora Ricezione	:	19 Dicembre 2024 19:43:46
Data/Ora Inizio Diffusione	:	19 Dicembre 2024 19:43:46
Oggetto	:	A2A S.p.A. and Ascopiave S.p.A.: Signed contract for the sale of gas network assets
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PRESS RELEASE

A2A S.p.A. and Ascopiave S.p.A.: Signed contract for the sale of gas network assets

Milano, Pieve di Soligo, December 19, 2024- A2A and Ascopiave announce that today a preliminary purchase agreement (signing) was signed for the acquisition by Ascopiave of 100% of the shares of a corporate vehicle that will hold, at closing, a going concern comprising approximately 490,000 gas distribution pod related to the ATEMs in the Provinces of Brescia, Cremona, Bergamo, Pavia, and Lodi, with a 2023 RAB of 397 million euros and a 2023 EBITDA of 44 million euros.

The assets included in the going concern of the transaction are currently held by Unareti and LD Reti (wholly owned subsidiaries of A2A) and will be transferred to the aforementioned vehicle between signing and closing.

The agreed base price for the transaction is Euro 430 million, which reflects the valuation of the business unit as of December 31, 2023, subject to adjustment after closing, as customary.

The deal is subject to the occurrence of conditions precedent as usual for this type of transaction, including the so-called Golden Power procedure. The closing is expected by July 2025.

Ascopiave will finance the acquisition mainly through the resources derived from the exercise of the put option on its minority stake in EstEnergy and, for the remaining part, through the assumption of new financial debt.

A2A Giuseppe Mariano Head of Media Relations, Social Networking and Webb

Silvia Merlo Press Office ufficiostampa@a2a.it Tel. [+39] 02 77204535

Marco Porro Head of Investor Relations ir@a2a.it Tel. [+39] 02 7720.3974

Ascopiave Tel. +39 0438 980098

Investor Relations Giacomo Bignucolo Cell. 335 1311193

Media Relations Roberto Zava Cell. 335 / 1852403

Community Group

Giuliano Pasini Gianandrea Gamba Tel. +39 0422 / 416111 Cell. 335 / 6085019

A2A

Listed on the stock exchange, with over 13,000 employees, A2A is the leading player in Italy in the circular economy for waste treatment, energy recovery from urban waste, and district heating, and the second national energy operator for installed capacity and distributed electricity. The Group manages the generation, sale, and distribution of energy, the sale and distribution of gas, district heating, waste cycle, electric mobility, and smart services for cities, public lighting, and integrated water service. A2A's strategy is based on the two pillars of the circular economy and energy transition, to which an investment plan of 22 billion euros by 2035 is dedicated, combining sustainable value generation, decarbonization, innovation, and contribution to the country's energy autonomy

Ascopiave

The Ascopiave Group is one of the main national operators in the natural gas distribution sector, managing the service in 301 municipalities in Northern Italy, through a network of over 14,700 km with about 870,000 users.

The Group is also active in the renewable energy sector and integrated water service and holds minority stakes in companies operating in energy marketing and public services.

In the renewable energy sector, Ascopiave manages 29 hydroelectric and wind power plants with a nominal capacity of 84.1 MW9. The Group holds minority stakes in companies active in energy marketing (EstEnergy S.p.A. and Hera Comm S.p.A.), in the utilities sector (Acinque S.p.A.), and in information and communication technology (Acantho S.p.A.)10. Ascopiave has been listed on the Euronext Star Milan segment of Borsa Italiana since December 12, 2006.