The multi-utility A2a gained 1,13% at 0,850 euro, after a declining start and a mid-morning where it had reached peaks of up to +1,66%. The result goes against the trend of today's market which is showing a fair decline, recording a drop of 1,25%.
A2a's earnings data comes a day before the government presents the decree that will cut the multi-utilities. According to Websim analysts, the indications in the decree "would expand the number of potential targets for the main listed multi-utility companies, above all Hera (-0,19%) but also A2a, Iren (+0,28%) and Acea (-0,29%)”. Still according to the analysts, it is crucial "that the rules are not limited to the public transport and waste sectors and that not only the worst companies are pushed towards the market".
For the rest, the provisions of the decree, according to some forecasts, provide for the closure of loss-making companies, the incentive for mergers also through acquisitions by listed companies and the listing of some companies, potentially with the simultaneous extension of concessions.
