Italgas-backed Medea to acquire a 49% stake in Energie Rete Gas for €30m.

Italgas-backed Medea, a gas distribution company, agreed to acquire a 49% stake in Energie Rete Gas, a gas transportation company, for €30m. The transaction will further accelerate Sardinia’s methanization process and, at the same time, will also allow Medea to rationalize the plant equipment managed in Sardinia by separating, also at a corporate level, the natural gas transportation and distribution activities.