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Announced

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A2A completed the acquisition of a 28% stake in Saxa Gres.

Synopsis

A2A, an operator of power plants which recycle waste to produce electricity and thermal energy, completed its acquisition of a 28% stake in Saxa Gres, a manufacturer of business-to-business thick gres porcelain outdoor and urban paving. Financial terms were not disclosed. "Research, development and innovation towards sustainability are the future of every company that wants to be a protagonist on the market. We started earlier and the entry of a company like A2A into our capital highlights the extraordinary growth potential of the circular economy in the world of urban paving and waste treatment," Francesco Borgomeo, Saxa Gres President and CEO.

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