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New Deal


Announced

Completed

2i Rete Gas completed the acquisition of Infrastrutture Distribuzione Gas from Edison for $179m.

Financials

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Transaction Value£128m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Domestic

Acquisition

gas transportation

Oil Equipment and Services

Italy

Friendly

Private

Single Bidder

Completed

Synopsis

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2i Rete Gas, a distributor of natural gas intended for civil and industrial uses, completed the acquisition of Infrastrutture Distribuzione Gas, an operator of a gas transportation network, from Edison, a global energy advisory company, for $179m. The two agreements signed with F2i and 2i Rete Gas, which will increase Edison's net financial debt by around 150m euros, are part of Edison's strategy to develop an energy low-carbon highly sustainable and from renewable sources, with the aim of bringing the renewable generation to 40% of the production mix by 2030, divesting at the same time from non-core activities.

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