Milan, June 28 2021 – With reference to the merger between A2A S.p.A. ("A2A") and Linea Group Holding S.p.A., a company 51% controlled by A2A ("LGH") it is hereby announced that the respective Boards of Directors approved the merger project by incorporation of LGH into A2A, drawn up pursuant to art. 2501-ter et seq. of the Italian Civil Code and which will be subject to the prescribed disclosure obligations within the terms of the law.
The extraordinary shareholders' meetings of the two companies participating in the merger are scheduled for the first ten days of October 2021 and the signing of the merger deed, after the expiry of the legal deadlines for creditors' objections, is scheduled for 31 December 2021.
The merger by incorporation of LGH into A2A is in line with the process of rationalising the companies of the A2A Group and completes the path of evolution of the partnership between A2A and the minority shareholders of LGH (Azienda Energetica Municipale S.p.A. at 15.15%, Cogeme S.p.A at 15.15%, A.S.M. Pavia S.p.A at 7.79%, Astem S.p.A. at 6.48% and Società Cremasca Servizi S.r.l. at 4.43%), as outlined and described in the partnership agreements signed on 4 March 2016 and subsequently integrated. The merger is the culmination of a process of integration between the two companies which has evolved over the years and, as already announced, at the end of the transaction LGH's minority shareholders (who currently hold a total of 49% of LGH's share capital) will hold 2.75% of A2A's share capital. The merger, in addition to rationalising the group companies, will enable economic synergies to be generated over time thanks to the integrated management of processes and systems.