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New Deal


Announced

Hera and Ascopiave formed a joint venture.

Financials

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Transaction Value£730m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Synopsis

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Hera, a multiutility company based in Bologna, and Ascopiave, provider of natural gas distribution and energy in Italy, formed a joint venture, EstEnergy. The deal, when completed, will also see Ascopiave buy gas distribution assets from Hera to make it the north-east’s biggest gas distributor.

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