Autogas Nord to buy Lampogas from Rosehope

Autogas Nord, a leading Italian LPG company for 60 years and one of today’s most dynamic multiutilities with a complete energy offer, thanks to the support of Italmobiliare, financial holding company, agreed to buy Lampogas, a company that distributes and sells LPG across northern and central Italy, from Rosehope. The transaction was possible in part with help of Italmobiliare, which invested approximately 60 million Euros in Autogas Nord, which will be used to fund the acquisition of Lampogas. Italmobiliare will hold around 27% of the new group, which, by combining the operations of the two brands, will achieve aggregate revenues of approximately 500 million euro. With its acquisition of Lampogas S.r.l., the Autogas Group intends to achieve a significant strengthening of its operations in the Italian LPG sector and to sustain a rapid expansion of the Group's complete energy offer.