The binding agreement was signed today through AcegasApsAmga: it will acquire 100% of the company that manages the gas facilities of 23 municipalities in the Verona area
The Hera Group launches its first European Green Bond (“EuGB”), under its “Euro Medium Term Note Programme” (EMTN).
The Hera Group is strengthening its presence in the north-east of Italy by acquiring Gigas Rete, which operates in the management of gas networks and distribution facilities. Through AcegasApsAmga, the multi-utility signed a binding agreement with the company Brimsco for the acquisition of 100% of Gigas Rete, with its registered office in Lodi.
Gigas Rete is a company with over 60 years of experience in the network services sector. It manages approximately 1,200 kilometres of gas networks and 57,400 redelivery points (RDPs) in 23 municipalities in the province of Verona, ensuring the supply of natural gas to over 140 thousand residents and the many businesses operating there.
With Gigas Rete, the Hera Group continues its external growth: a strategy to expand the company’s scope, aimed at creating local synergies that combine the industrial development of the acquired companies with the high quality standards of the services provided by the Hera Group. The area served by Gigas Rete, covering more than 630 square kilometres, falls within territorial areas already served by the multi-utility in the north-east with its services.
The main M&A transactions completed by the Hera Group in the first six months of the year include the acquisition of a majority stake in Servizi Ecologici Ambientali (SEA), which operates in the province of Ancona with a multi-purpose platform for special waste, and 100% of STA and its stakes in the subsidiaries belonging to the Sostelia Group, which specialises in the treatment of industrial and municipal water. All these transactions are part of the growth objectives set out in the Group’s Business Plan, which identifies a contribution from M&A activities of 100 million euro over the five-year period 2025-2029.
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