Milan, 9 November 2015. A2A has today presented a binding offer to the shareholders of Linea Group Holding for the consummation of an industrial partnership that provides for A2A's acquisition of 51% of the share capital of LGH. The expiration of the term for acceptance of the offer has been set for 21 December 2015.
A2A and LGH operate in territorially contiguous areas of Lombardy. A positive outcome to the proposed transaction would allow for: i) making use of the potential offered by the A2A Group in terms of know-how and investment capacity, and ii) bringing together the reciprocal industrial capacities for generating positive repercussions on the value of the businesses and growth prospects, to the benefit of the markets served.
The binding offer, comprehensive of the guidelines and requisite assumptions of the business plan, includes the fulfilment of a joint business plan would then be prepared based on the assumption of maintaining LGH's trade name and its recognition in the market, including through initiatives to maximise the value of the existing brands and the points of contact with the clientele.
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Duty to notify the public in accordance with Consob decision no. 11971 of 14/5/1999 as amended.