A2A: to sign sale of Lombardy gas networks to Ascopiave, 430 mln dossier
A matter of hours and - according to Radiocor - the closing of a EUR 430m deal on which a binding agreement was reached at the end of 2024 will be signed
by Cheo Condina
2' min read
2' min read
Countdown to A2A's sale of approximately 490,000 gas redelivery points (in practice meters) to Ascopiave in Lombardy.
A matter of hours and - according to Radiocor - the closing of a 430 million transaction, on which a binding agreement was reached at the end of 2024, will be signed: tomorrow, barring any twists and turns, the official announcement will come.
For the energy group led by Renato Mazzoncini, this means the consolidation of a strategy that has been in place for some time, namely the progressive focus on electrification, energy transition and circularity. Ascopiave, on the other hand - which finances the deal with the sale of the remaining 25% of EstEnergy to Hera (finalised just a few days ago for €234 million) and with new financial debt - thus continues to focus on strictly regulated businesses.
The reorganisation, in particular, envisages the sale by A2A of the shares of a vehicle company owning a business unit comprising a compendium of assets consisting of approximately 490,000 gas distribution redelivery points relating to the Atem in the provinces of Brescia, Cremona, Bergamo, Pavia and Lodi, with a Rab 2023 of 397 million euros and an Ebitda 2023 of 44 million euros.
The operation for A2A comes a few months after the maxi purchase of electricity networks from Enel in Lombardy. This has led to a historic handover for the group controlled by the municipalities of Milan and Brescia: the electricity Rab has in fact overtaken the gas assets. After all, for Ceo Mazzoncini, the renewables-electrification binomial is one of the main pillars of the plan and, in general, of the energy world with a view to the green transition and the reduction of electricity prices in the medium term.
