we receive e we publish the following Press release spread by Hera.
Today, Ascopiave SpA has sold to Hera SpA the 3% stake held in Hera Comm SpA., acquired as part of the partnership with the Hera Group finalized on December 19, 2019.
For this operation Hera SpA paid Ascopiave SpA a value of approximately 55 million of euros, consistent with the company's valuation carried out in 2019.
The related disbursement will not lead to a change in the net financial position of Hera SpA
Ascopiave group
Il Ascopiave group Ascopiave S.p.A. is one of the leading national operators in the natural gas distribution sector, managing the service in 454 municipalities in Northern Italy through a network of over 20.000 km and serving approximately 1.360.000 users. The Group is also active in the renewable energy and integrated water services sectors and holds minority stakes in companies operating in the information and communication technology sector (Herabit SpA) and public services (Acinque SpA). In the renewable energy sector, Ascopiave manages 29 hydroelectric and wind farms with a nominal power of 84,1 MW.
Ascopiave has been listed on the Euronext Star Milan segment of the Italian Stock Exchange since December 12, 2006.
Hera Group
Il Hera Group It is one of Italy's largest multi-utilities, operating in the environmental, energy, and water sectors, with more than 10.000 employees. Over 7,5 million residents benefit from at least one service provided by the Group. Listed since 2003, it is among the top 40 Italian companies by market capitalization (a component of the FTSE MIB index) and, since 2020, has been included in the Dow Jones Sustainability Index, World and Europe.
