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Acea and Asm Terni, green light for the second closing: the Roman group rises to 45%

Green light to the second step for the Umbrian integrated multi-utility. Acquisition of 20% of Orvieto Ambiente, the spinoff company of Acea Ambiente

Acea and Asm Terni, green light for the second closing: the Roman group rises to 45%

The game ends on integrated multiutility umbra which features protagonists Asm Terni, That and the Municipality: "Following the completion of this agreement, Acea's stake - they write from via Capponi - in the share capital of Asm rises to 45% and the Umbrian utility acquires 20% of the capital of Orvieto Ambiente, the spinoff company of Acea Ambiente. Thus, the first integrated multi-utility in Umbria is strengthened, an industrial reality active in the water sector, in waste management, in the production of electricity and in the distribution and sale of electricity and gas". Now the municipal council will have to express itself on the acknowledgment of the new corporate composition.

It is the chiusura of the second of two phases of the business combination, says a press release from Acea, having reached the end of the public procedure.

Mirko Menecali, chairman of the investee, declared: "We are very satisfied with the conclusion of this process through which the establishment of an important industrial reality was born which I have the honor to preside over which has been, is and will be a source of pride for all citizens Terni".

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