Arms laid down between Hera and A2A in the North East. With surprising news, Hera announced today, 18 June, that it has acquired by A2a itself a share equal to 2 percent of Ascopiave in the light of a new “market opportunity”. The operation, explains the multi-utility from Bologna, was carried out jointly with Asco Holding with a view to strengthening the current partnership in Est Energy.
Going into detail, Hera acquired 4.688.231 Ascopiave shares, equal to 2% of the share capital, at a price of 3,905 euro each. In total the investment amounts to 18,3 million euros.
So it seems definitively behind the battle between A2A and Hera cIt began with Hera which was awarded 52% of the joint venture Est Energy, electricity and gas and then acquired 2,5% of the capital of the Veneto-based company from Amber. A few months later, in January, the Milanese utility responded by announcing the purchase of over 9,7 million Ascopiave shares, equal to a 4,16% share of the share capital.
With the new operation, therefore, the Lombard company led by Stefano Mazzoncini has a 2,1% stake in Ascopiave, while the one led by the president Tomaso Tommasi di Vignano and the CEO Stefano Venier rises to 4,9%. "After the purchases at the end of January, Hera had bought other small shares, therefore the current stake is equal to 4,9% of the capital," a source close to the dossier told Reuters.
On the stock exchange, on a difficult day for the Ftse Mib (-1%) both Hera and A2a move downwards. The first yields 1,31% to 3,454 euros, the second 0,7% to 1,3%. Purchases on Ascopiave which, an hour and a half after the closing of the price lists, marks a rise of 0,4% to 3,89 euros.
