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Announced

Completed

Ascopiave completed the acquisition of Unigas Distribuzione for $24m.

Financials

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Transaction Value£17m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA3.4x
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Completed

gas distribution

Majority

Private

Single Bidder

Italy

Gas Distribution

Merger

Friendly

Synopsis

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Ascopiave, a distributor of natural gas, completed the acquisition of Unigas Distribuzione, an Italy-based gas company, for $24m. Through the mentioned business combination Ascopiave and Unigas pursue the objective of entrusting the activities they perform in the gas distribution sector in some areas of Lombardy to a single operator, thus further improving their position on the market and the quality standards of the service provided in the relevant territories.

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