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Announced

Completed

Hera completed the acquisition of Amgas Blu from Ascopiave for €43m.

Financials

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Transaction Value£38m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Italy

Acquisition

Friendly

Completed

Gas Distribution

gas distribution

Private

Single Bidder

Majority

Synopsis

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Hera, a distributor of gas, water, energy, and waste disposal, completed the acquisition of Amgas Blu, a gas distribution company, from Ascopiave, a natural gas distribution company, for €43m. This acquisition is a part of a partnership transaction between Hera and Ascopiave. “This transaction is entirely in line with our strategic goals and allows us to reach one of the main targets contained in our business plan well in advance. Today, we have consolidated our presence in an area, the Triveneto region, where we have operated for years and where we count on further extending the concrete benefits that our business model has proved able to generate for some time now: increasing quality in services, investments, innovation and environmental and resource protection," Tomaso Tommasi di Vignano, Hera Group Executive Chairman.

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