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INVESTMENTS, DIVESTMENTS AND M&A

META SpA

At the end of November 2005, the merger of Meta and Hera was carried out. In June 2005 Hera Spa launched a public offer for 29% of this Modena company. The remaining share capital was purchased through an IPO. This project involved the merger by incorporation of Meta into Hera according to a rate of exchange of 1.286 Hera shares with a nominal value of € 1.00 for each Meta share with a nominal value of € 1.72. In 2004, Meta had a customer portfolio of 142,000 gas customers and 114,500 electrical power customers. The geographical continuity and size of the business portfolio of this company made it possible for Hera to achieve synergies of an additional € 20 m per year in terms of consolidated EBITDA.

 

Page updated 18 July 2013

 
 
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