A2a fuels the stock market rally which has made it gain more than 8% since the beginning of last week. The title (+1,25%) is among the best of the Ftse Mib and hooks up to 1,3 euros never reached since mid-December.
The purchases on the multi-utility were triggered by the rumors reported by Il Sole 24 Ore on the extension until September of the syndicate agreement between the Municipality of Milan and that of Brescia which together control 50% of the public utility company. The agreement in force will expire at the end of the year but the agreements provide for a cancellation by June: the extension represents an element of relief for the title, particularly in this phase of the electoral campaign for the administrative offices in Milan, given the numerous hypotheses of a reduction shares by the two Municipalities.
On the other hand, the two strong candidates for the leadership of Milan, Giuseppe Sala and Stefano Parisi, have declared that they do not consider the possible downsizing of the presence in the shareholding structure a taboo.
