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Italgas — M&A Activity 2022
Dec 22, 2022
4178_rns_2022-12-22_a4813265-a6a5-4542-82e5-0d786302d70c.pdf
M&A Activity
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| Informazione Regolamentata n. 0167-93-2022 |
Data/Ora Ricezione 22 Dicembre 2022 15:27:50 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | ITALGAS | |
| Identificativo Informazione Regolamentata |
: | 170811 | |
| Nome utilizzatore | : ITALGASN01 - Scaglia |
||
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 22 Dicembre 2022 15:27:50 | |
| Data/Ora Inizio Diffusione presunta |
: | 22 Dicembre 2022 15:27:51 | |
| Oggetto | : | Italgas: sale of a 10% minority stake in the holding company controlling Depa Infrastructure |
|
| Testo del comunicato |
Vedi allegato.
Italgas: sale of a 10% minority stake in the holding company controlling Depa Infrastructure
Milan, 22 December 2022 - Italgas, in line with what foreseen in its 2022-2028 Strategic Plan, today completed a transaction for the sale of 10% of the share capital of Italgas Newco, the Group's holding company that controls Depa Infrastructure, active in gas distribution in Greece, to Phaeton S.A. (the holding company of the Greek industrial group Copelouzos).
The sale of the stake took place at an equity value of approximately EUR 40 million. Considering Italgas Newco's net financial debt, this amount corresponds to an implicit valuation of the 100% stake in Depa Infrastructure in line with the price offered by Italgas for the purchase of the equity investment during the privatisation.
This press release is available on the following website: www.italgas.it
Investor Relations Italgas +39 02 8187 2175 [email protected]
Italgas Press Office +39 02 8187 2020 [email protected]