Ascopiave

M&A Activity • Oct 27, 2016

Informazione Regolamentata n. 0887-22-2016		Data/Ora Ricezione 27 Ottobre 2016 17:49:49	MTA - Star
Societa'	:	ASCOPIAVE
Identificativo Informazione Regolamentata	:	80666
Nome utilizzatore	:	ASCOPIAVEN01 - Rossetto
Tipologia	:	IROS 13
Data/Ora Ricezione	:	27 Ottobre 2016 17:49:49
Data/Ora Inizio Diffusione presunta	:	27 Ottobre 2016 18:04:50
Oggetto	:	Group and Ascopiave is under way	The development process of a prospectve business combination between Aeb-Gelsia
Testo del comunicato

Vedi allegato.

PRESS RELEASE

The development process of a prospectve business combination between Aeb-Gelsia Group and Ascopiave is under way

Within the sphere of the prospective business combination process envisaged in the Letter of Intent signed on 12 July 2016 by Aeb-Gelsia Group and Ascopiave, the Parties have mutually agreed to extend the exclusive negotiation deadline to 31 January 2017.

The Ascopiave Group operates in the natural gas sector, mainly in the segments of distribution and sale to end users. Thanks to its broad customer base and the quantity of gas sold, Ascopiave is currently one of the main operators in the industry at a national level.

The Group owns concessions and direct assignments for the management of distribution activities in over 200 Towns, supplying the service to a market segment of more than 1 million inhabitants, through a distribution network which spreads over 8.800 kilometres.

The sale of natural gas is performed through different companies, some under joint control. Overall, in 2015, the companies of the Group sold over 1 billion cubic meters of gas to end users.

Ascopiave has been listed under the Star segment of Borsa Italiana since 12th December 2006.

Contact: Community Group Ascopiave Giuliano Pasini Tel. 0438 / 980098 Auro Palomba Roberto Zava - Media Relator Tel. 0422 / 416111 Cell. 335 / 1852403

Cell. 335 / 6085019 Giacomo Bignucolo – Investor Relator Cell. 335 / 1311193

Pieve di Soligo, 27th October 2016