Italgas acquires 12 concessions in Campania and Basilicata from Amalfitana Gas
Milan, 2 November 2017 – Italgas and Amalfitana Gas have signed today a binding agreement to acquire a company branch regarding natural gas distribution activities in three
All the assets involved in the operation includes 12 concessions for a total of over 22,000 redelivery points and more than 300 kilometres of
The value of Amalfitana Gas branch assets (enterprise value) has been set at Euro 18.5 million. At the closing of the transaction, the sum will be paid entirely in cash.
The completion of the operation is expected by January 2018 and is subject to certain conditions precedent.
Paolo Gallo, CEO of Italgas, commented
The acquisition of these new assets, which includes as well the commitment to develop new networks in the