(Finance) – A2A And Ascopiave they signed a preliminary purchase contract having as its object theacquisition on the part of
Ascopiave of 100% of the shares of a corporate vehicle which will be the owner at the closing of a business branch comprising the entirety of a compendium of assets made up of approximately 490 thousand gas distribution pdr relating to the ATEM 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 business unit subject to the transaction are currently held by Unareti and from LD Networks (companies wholly owned by A2A) and will be transferred to the aforementioned vehicle in the period between signing and closing.
The price basic defendant for the operation is of 430 million euroswhich expresses the valuation of the business unit as of 31 December 2023, subject to adjustment following the closing, as per practice.
The deal is subject to the occurrence of conditions precedent usually envisaged for this type of operation, including the implementation of the so-called procedure Golden Power. The closing is expected to be completed by July 2025.
Ascopiave will finance the acquisition mainly through the resources deriving 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.