The exciting duel on the Stock Exchange between Hera and A2A continues. The Bologna-based group, which has gained more than 20% in one year, has today recorded an increase of 0,9% while A2A, which has lost a lot in recent months, has continued to recover, gaining 2,29%. After today's session in Piazza Affari, Hera maintains the newly conquered pink jersey of the Italian multi-utility market capitalization of which it has recently become the absolute queen.
On balance, Hera has a capitalization of 1.353 million euro against 1.301 for A2A.
Just yesterday Hera completed the merger with Acegas. The success on the Stock Exchange is proof that the market approves of the aggregation policy pursued by Tommasi – he did no less than 16 – which allowed Hera to extend beyond the borders of Emilia and Romagna and to strengthen itself in a prosperous area such as that of the North East. But the market also shows that it appreciates Hera's financial performance (which has never failed to distribute its dividend and which has very few debts) and the good governance of the group which, unlike what happens between Milan and Brescia (A2A), between Turin and Genoa (Iren) and Rome (Acea), it has found a peaceful modus vivendi with the 180 Municipalities it serves and which are members.
