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A2A: the super-multiutility takes off, stock goes up

The agreement involves Acsm-Agam, Aspem, Aevv and Lario Reti Holding – A possible path of industrial and corporate partnership is being studied.

A2A: the super-multiutility takes off, stock goes up

The week has started well for A2A's stock on the Stock Exchange, which at the beginning gains 1,7%, achieving the best increase of the Ftse Mib. In the following minutes, the gain was reduced to 1,2%, but the performance of the share still remains in contrast with that of the general index, in the red by 0,1%.

The announcement of a new partnership triggered the purchases on A2A, which is publishing its accounts today. On Saturday morning, the company communicated the signing of an agreement with the multiutilities Acsm-Agam (company in the municipalities of Como and Monza of which A2A holds 23,9% in its portfolio), Aspem (the Varese company controlled 90% by A2A ), Aevv (Valtellina Valchiavenna Energy Company) and Lario Reti Holding (which controls Lario Reti Gas and Acel Service).

The agreement consists of a non-binding letter of intent for the study of a possible path of industrial and corporate partnership. At the end of the works, which will last approximately four months, the parties will be able to share the interest in continuing the process, submitting the merger project to the respective shareholders' meetings.

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