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Announced

Alperia to acquire a 90% stake in Fintel Gas e Luce and Fintel Reti.

Synopsis

Alperia, an energy equipment company, agreed to acquire a 90% stake in oil and gas companies Fintel Gas e Luce and Fintel Reti. Financial terms were not disclosed. "With the acquisition of Fintel Gas e Luce and Fintel Reti, Alperia's position as a national operator is strengthened by expanding, in addition to our customer base, the physical sales network in complementary areas compared to those in which we already operate. We look carefully at the growth in Lombardy and central Italy, applying the successful scheme already started with the growth in Veneto that began with the acquisition of Alperia SUM and the subsequent consolidation of the presence through the opening of physical points," Giovanni Filippi, Alperia Chief Operating Officer.

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