Ascopiave to acquire gas network assets of A2A for €430m.

Ascopiave, a natural gas distribution and energy firm, agreed to acquire gas network assets of A2A, an Italian company, organised as a società per azioni, that generates, distributes, and markets renewable energy, electricity, gas, integrated water supply, and waste management services, for €430m. The deal is subject to the occurrence of conditions precedent as usual for this type of transaction, including the so-called Golden Power procedure. The closing is expected by July 2025.