Investments and disinvestments

Investments and disinvestments

Consistent with the growth strategy defined in the strategic plan, we conducted a series of operations to strengthen our role in areas of interest.

2021

Date agreement signedClosing dateTransactions
08/01/2021

Italgas grows in Campania and Sardinia thanks to an agreement with Conscoop

     Key points of the agreement: 

  • Completed the acquisition of Mediterranea Energia’s business unit related to the gas concession in the municipality of Olevano sul Tusciano (SA), in Campania. 
  • Agreement to acquire the entire stake in Isgas33, which completed the conversion from LPG to natural gas of the distribution network in the municipalities of Quartu S. Elena, Monserrato, Quartucciu, Settimo S. Pietro and Sinnai in Sardinia.

 

2020

Date agreement signedClosing dateTransactions
26/05/2020

Acquisition of 15% of Reti Distribuzione

    Key points of the agreement

  • Acquisition of 15% of the company Reti Distribuzione.
  • 49 municipalities for 32,000 redelivery points, mainly distributed in the Canavese and Ivrea area.
  • increased equity investment management for 4.56 million euros.

2019

Date agreement signedClosing dateTransactions
08-27/10/201931/01/2020

Italgas and A2A finalise agreement on mutual asset sales

    Key points of the agreement:

  • Italgas Reti (Italgas Group) sold to A2A Calore & Servizi (A2A Group) all the district heating activities managed in the municipality of Cologno Monzese (Milan).
  • Unareti (A2A Group) sold to Italgas Reti the natural gas distribution activities managed in seven municipalities belonging to ATEM Alessandria 4.

 

1-27/08/201918/12/2019

 Agreement finalised for Marguerite II to become a shareholder in the companies operating in Sardinia

    Key points of the agreement:

  • Acquisition by Marguerite II of 48.15% of the share capital of Medea and Gaxa.
  • Payment of a total consideration of approximately €25 million and subsequent capital increases totalling approximately €44 million.
  • Enterprise value attributed to 100% of the assets at 31.12.2018 was €91.2 million.
1-27/10/2019-27/10/2019

Italgas: acquisition of majority stake in Toscana Energia completed

    Key points of the agreement:

  • Transfer of 2,897,778 shares, corresponding to 1.98% of the share capital of Toscana Energia.
  • The share capital held by Italgas increased from 48.68% to 50.66%.
  • Toscana Energia manages around 8,000 kilometres of network with 800,000 users.
11/04/201911/04/2019

Partnership agreement between Italgas and the American company Picarro for the use in Europe of the most advanced technology for monitoring gas networks

     Key points of the agreement:

  • The use in Europe of Picarro Surveyor, currently the most advanced technology in the field of gas network monitoring.

2018

Date agreement signed

Closing date

Transactions

28/12/201830/04/2019Acquisition of 19 concessions in central and southern Italy and Sardinia

 Key points of the agreement:

  • For gas distribution.
  • More than 50,000 redelivery points concentrated in the Centre-South of the country and in Sardinia.
  • Enterprise value EUR 68.6 million.
22/06/20183-11/12/2018

Completed the acquisition of a controlling stake in EGN (European Gas Network) and 100% of two other local operators

 Key points of the agreement:

  • A 60% controlling stake in EGN (“European Gas Network”), which indirectly holds 37 concessions in operation for gas distribution in Sicily, Calabria and Campania for a total of approximately 60,000 PDR.
  • 100% of Fontenergia S.r.l., concessionaire of the gas distribution service in Basin 22 of the region of Sardinia, with over 7,000 users served with LPG.

100% of Naturgas S.r.l., concessionaire of the gas distribution service in San Giuseppe Vesuviano (NA), with approximately 2,700 users served.

13/03/201813/03/2018Developments in the energy efficiency sector following the acquisition of Seaside

 Key points of the agreement:

  • One of Italy’s leading Energy Service Companies (ESCo), at the forefront of digital services, thanks to its expertise in Big Data, Business Intelligence and Machine Learning.
  • Over 400 customers in Italy in various industries.
  • Enterprise value 8.5 million euro.

2017

Date agreement signed

Closing date

Transactions

21/12/201731/01/2018

Italgas: acquired the concession and the gas network of Portopalo di Capo Passero

 Key points of the acquisition:

  • Concession and natural gas distribution network serving the municipality of Portopalo di Capo Passero (Siracusa).
  • 35 km of network (completed but not operational).
  • 1.400 potential customers.
  • Enterprise value 2.2 million euro.
21/12/20176-9/04/2018

Italgas and Hera agree to transfer 100% of Medea S.p.A. to Italgas.

 Key points of the acquisition:

  • Concession for distribution and sale in the municipality of Sassari.
  • More than 190 km of network (currently powered by LPG).
  • 30.000 customers (potential pool).
  • Enterprise Value 24.1 million euro.
30/11/201731/05/2018

Italgas acquires 7 gas concessions in Southern Italy from CPL Concordia 

 Key points of the acquisition:

  • 7 gas concessions in Southern Italy (some with network under construction), covering a total of 16 municipalities.
  • More than 400 km of network (of which 330 already in operation).
  • Around 32,000 new customers (potential pool).
  • Enterprise Value 13 million euro.
8/11/201728/02/2018

Italgas acquires 100% of Ichnusa Gas S.p.A.

 Key points of the acquisition:

  • 12 companies holding concessions for the construction and operation of gas distribution networks in 81 municipalities in Sardinia.
  • 2 of the 12 concessions already in operation with customers served by LPG.
  • 1.300 km network (including those under construction).
  • 150.000 customers (potential pool).
  • Enterprise Value 26.2 million euro.
2/11/201731/01/2018

Italgas acquires 12 concessions in Campania and Basilicata from Amalfitana Gas

 Key points of the acquisition:

  • 12 concessions in Campania and Basilicata.
  • Over 300 km of network.
  • More than 22,000 users served.
  • Enterprise Value 18.5 million euro.
19/10/20176-11/12/2017

Italgas acquires 100% of Enerco Distribuzione S.p.A.

 Key points of the acquisition:

  • 27 concessions between Padua and Vicenza.
  • Over 800km of pipelines.
  • Around 30,000 users.
  • Enterprise Value 51 million euro.
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