Milan, 4 March 2016 –A2A and AEM Cremona, ASM Pavia, ASTEM Lodi, Cogeme and SCS Crema, shareholders of Linea Group Holding, have entered today into an industrial partnership contemplating the entrance of A2A into LGH with a 51% stake.
The agreement is subject to certain conditions precedent, including the clearance of the Italian Competition Authority, that are expected to be fulfilled in the next 90 days.
The price, equal to Euro 113 millions, will be paid 58% in cash and 42% in A2A shares. Part of the price will be paid after three years from closing, subject to the completion of certain initiatives under development.
The partnership with LGH achieves one of the goals of A2A Business Plan with respect to fostering local aggregations, and it is the first effective implementation of the “Multiutility of the Territories” model created by A2A.
Contacts
A2A - Media Relations
Tel. 02 7720.4583
ufficiostampa@a2a.eu
Investor Relations
Tel. 02 7720.3974
ir@a2a.eu
LGH - Media Relations
Tel. 0372 802141
relazioniesterne@lgh.it
www.lgh.it
Obligations to inform the public provided for by Consob resolution no. 11971 of 14.5.1999 and subsequent amendments.
