The acquisition of 46.5% of SAT (Modena) is concluded and the merger is approved in July 2007

The purchase deed was signed for the acquisition of 46.5% of SAT Spa for a consideration of 34 million Euros, following the award of the deal in the first half of 2006. The remaining portion of 53.5% of the share capital is held by the municipalities of Sassuolo, Formigine, Maranello, Fiorano and Serramazzoni.