(Finance) – In the light of today’s measure and the authorizations Golden Power and Foreign Subsidies Regulation already achieved, Italgas “will proceed with the closing of the operation with the closure of the first quarter”.
Makes him know Italgaswith a note, after receiving the authorization from the Competition and Market Authority to the transaction to acquire the exclusive control of 2 Network Gas with a provision notified today, judging the remedies proposed by the company suitable to resolve the potential critical issues identified during the opening of instructors.
The measures prescribed by the AGCM “concern the transfer of about 600 thousand PDR (on the basis of the data communicated by Italgas to the Authority) distributed over 35 ATEM4. The company must complete the disposal process by the end of October 2025”. In addition, the AGCM has requested to Italgas the implementation of behavioral measures in all the athem subject to preliminary investigation, to be applied on the occasion of the future races of the field. The divestments “will take place through transparent, competitive and advertised procedures, open to suitable and qualified operators, with adequate financial means and capable of maintaining and developing activities also for the purpose of participating in the future competitions”.
With the closing of the operation, we read in the note, “the group becomes the European gas distribution sample. Starting from the second quarter italgas will start the integration process of 2i Gas Rete, in advance of the forecasts, thus giving full realization to the 15.6 billion euros of investments contained in the strategic plan 2024-2030”.
In the coming months, together with 2i Gas network, the group “will give priority to corporate integration and information systems, the digitization of the network and processes to achieve the first important synergies in line with the strategic plan, at the same time starting the first large scale applications of artificial intelligence”.