Ardian and A2A to create a joint venture in a €4.1bn deal.

Ardian and A2A, an Italian company that generates, distributes, and markets renewable energy, electricity, gas, integrated water supply, and waste management services, agreed to create a joint venture, the second largest Italian platform focused on the energy transition, in a €4.1bn ($5bn) deal. “The agreement with Ardian would make it possible for A2A to accelerate by several years reaching the growth objectives in renewable generation foreseen by the Industrial Plan, combining financial resources with industrial assets. The trust shown by Ardian in the sound industrial leadership of A2A gives us reason to be satisfied with our work so far and is further confirmation of the validity of our vision and of our determination to become a major European player in renewable energy and energy transition,” Renato Mazzoncini, A2A CEO.