AI assistant
Italgas — M&A Activity 2022
Dec 21, 2022
4178_mrq_2022-12-21_bd657928-b39d-477a-8f69-255a4ac32437.pdf
M&A Activity
Open in viewerOpens in your device viewer
| Informazione Regolamentata n. 0167-91-2022 |
Data/Ora Ricezione 21 Dicembre 2022 16:19:55 |
Euronext Milan | ||
|---|---|---|---|---|
| Societa' | : | ITALGAS | ||
| Identificativo Informazione Regolamentata |
: | 170763 | ||
| Nome utilizzatore | : | ITALGASN01 - Scaglia | ||
| Tipologia | : | 3.1 | ||
| Data/Ora Ricezione | : | 21 Dicembre 2022 16:19:55 | ||
| Data/Ora Inizio Diffusione presunta |
: | 21 Dicembre 2022 16:19:56 | ||
| Oggetto | : | Medea (Italgas Group) becomes a 49% shareholder of Energie Rete Gas |
||
| Testo del comunicato |
Vedi allegato.
Medea (Italgas Group) becomes a 49% shareholder of Energie Rete Gas
Milan, 21 December 2022 - The transaction by which Medea S.p.A. (51.85% Italgas Reti S.p.A. and 48.15% Marguerite Gas III S.à r.l.) enters the share capital of Energie Rete Gas S.r.l. (Energetica Group) was completed today.
Medea S.p.A. is the Italgas Group's company operating in the construction and management of gas distribution networks in Sardinia; Energie Rete Gas S.r.l. is a company active in gas transportation with approximately 142 kilometres of regional methane pipelines in operation in Italy.
The transaction is realised through the contribution to Energie Rete Gas S.r.l. of Medea's assets and activities related to gas transportation: 63 cryogenic liquefied natural gas (LNG) plants, for a total capacity of 2,350 cubic metres of LNG, and related equipment serving the distribution networks in the municipalities under Medea's concession.
The enterprise value of the transaction is EUR 53 million, against which Medea received an equity investment in Energie Rete Gas S.r.l. equal to 49% of the share capital and an amount of EUR 30 million.
In the context of the transaction, Energie Rete Gas S.r.l and a pool of banks signed a financing agreement, the proceeds of which will strengthen the company and give further impetus to regional gas transportation. The transaction will also allow Medea to rationalise the management of its activities by separating, also from a corporate point of view, its transport activities from its natural gas distribution activities.
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]