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ARCHIVE OF SPEECHES BY KEY EXECUTIVES

Statement by Hera Group President Tomaso Tommasi di Vignano on the merger with AcegasAps

Tomaso Tommasi di Vignano
Tomaso Tommasi di Vignano

"The transaction we have outlined today is very important for the Hera and AcegasAps groups, but it is also significant for the entire Italian local utilities system, especially in a difficult period such as the current one," says Tomaso Tommasi di Vignano, the President of Hera. "Through its synergies, the transaction will create significant value for all shareholders. It is also important to stress that upon conclusion of the merger, Hera Group's financial profile will remain as solid as it is now. In the tenth year since the creation of the Hera Group, the merger with AcegasAps provides another significant opportunity to extend the growth model developed since 2002, a model through which numerous local entities have been consolidated, creating value for shareholders and strengthening our local roots with every deal. I am certain that if the merger is finalised, it will serve as further proof of Hera Group's role as a central player in the consolidation this sector will need in the future".

Bologna, 25 July 2012

 
 
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