Herambiente to acquire an 80% stake in Vallortigara Group.

Herambiente, a multiutility company based in Bologna, agreed to acquire an 80% stake in Vallortigara Group, a waste management service in Torrebelvicino, Italy. Financial terms were not disclosed. "This new transaction is in line with the significant path of strategic development we are implementing in the industrial waste sector. When fully operational, thanks to the three acquisitions made in 2021, we will treat more than 300k additional tonnes of industrial waste produced by 3.3k new industrial customers every year, with a contribution to the Hera Group’s Ebitda coming to roughly €20m, in addition to the value of the synergies expected from the integrations," Tomaso Tommasi di Vignano, Hera Group Executive Chairman.