(Tiper Stock Exchange) – Irenmultiservice listed on Euronext Milan, has confirmed its intention to sell a minority stake of a newco operating in the sector of gas distribution networks by the end of 2023, as anticipated in the update of the Business Plan presented on 23 March.
The goal, reads a note, is the identification of a financial partner that allows Iren to increase the level of competitiveness on the occasion of future tenders for the assignment of gas concessions both in territories where Iren is already present and in new and synergistic territories, and which support the investment plan envisaged in the Business Plan for the gas distribution networks with over 750 million euros of investments.
At the end of 2022, the net gas distribution network is made up of 8,160 km of network and has a recognized tariff value (RAB) equal to 724 million euros.
The interlocutions “result at the moment still in a preliminary stage“, it is emphasized.