Inrete Distribuzione Energia acquires Soelia’s gas network
Search Bar
Asset Publisher
Inrete Distribuzione Energia acquires Soelia’s gas network
The Hera Group, through its subsidiary operating in the natural gas distribution sector, strengthens its presence in the area served
This morning, at the Hera Group’s headquarters, the Group, acting through its subsidiary Inrete Distribuzione Energia, one of the leading operators in the natural gas distribution sector with over 1.1 million active point of delivery (PoD), and Soelia, a multiservice company wholly owned by the municipality of Argenta (Ferrara), finalised the transaction involving the sale of Soelia’s business unit concerning plants, natural gas distribution networks and related management services.
This agreement follows up on the tender called by Soelia and awarded on 15 May to Inrete Distribuzione Energia, which also led this Hera Group subsidiary to acquire Soelia’s 2.85% stake in Sinergas.
This transaction further strengthens the Hera Group’s presence in its reference area, thus guaranteeing that an increasingly wide community of citizens benefits from the high standards in service quality, continuity and safety provided by the Group. In particular, Hera has now synergistically consolidated its presence in the municipality of Argenta, near Ferrara, where it already operates the integrated water service.
Details of the partnership
As of 1 July 2024, the company Inrete Distribuzione Energia will take over from Soelia in the gas distribution service in the municipality of Argenta. Inrete has indeed acquired Soelia’s gas distribution network, which serves approximately 10,000 PoD in the municipality of Argenta with facilities including roughly 240 km of pipelines, 5 high to medium pressure reduction and metering plants, 1 final reduction station and 44 local stations for low pressure reduction. Inrete Distribuzione Energia will take up this management under a renewal agreement, with the commitment of keeping the staff of the company branch acquired from Soelia unchanged.
Hera Custom Facet Publish Date
Custom Facet
Category Facet
Asset Publisher
The Group's continued inclusion in the index confirms the strength of its ESG profile, standing above the Utilities and Multiutilities sector average in key areas including Climate Change, Labour Standards, Governance and Anti-Corruption.
Hera confirmed in the FTSE4Good Index Series for the seventh consecutive year
Hera stock has been confirmed, for the seventh consecutive year, as a constituent of the FTSE4Good Index Series, FTSE Russell's sustainability index that includes companies worldwide recognised for their commitment to responsible and sustainable business practices.
The 2026 assessment confirms the Group's inclusion in the index with a score well above the utilities sector average, reflecting the effectiveness of Hera’s long-standing commitment to environmental, social and governance excellence.
Among the areas in which Hera achieved particularly strong performance are climate change management, labour standards, the robustness of its corporate governance framework and its anti-corruption practices. These are key pillars of the Group's strategy, as demonstrated by its Climate Transition Plan, which targets net-zero emissions by 2050, and by the signing of the Good Work Pact with trade unions.
Inclusion in the FTSE4Good Index Series therefore represents a further recognition of Hera's sustainable growth journey, underpinned by a business model focused on creating shared value for local communities, customers, employees and shareholders. Shared value creation accounts for 77% of the investments envisaged under the Group's Business Plan, with the objective of increasing shared value EBITDA to 68% of total EBITDA by 2029, while delivering a structural Total Shareholders' Return averaging 10% per year, while maintaining a low-risk profile.
FTSE4Good Index Series
The FTSE4Good Index Series was created by FTSE Russell to support investment in companies that meet globally recognised environmental, social and governance standards. It serves as an important benchmark for the development of sustainable investment portfolios and indices.
Companies included in the FTSE4Good Index meet rigorous ESG criteria and are therefore considered to be better positioned to capture the benefits associated with responsible business conduct.