Following what has recently appeared in the main media regarding the relationship between Sorgenia and the situation of the MPS group, the company deemed it appropriate to clarify the following: "Sorgenia, thanks to its modern set of gas production plants, its projects of generation from renewable sources and the new full digital sales model, is today one of the leading energy companies on the Italian scene. Following the economic crisis and the changed context of the energy market, at the beginning of 2015 the company implemented a capital increase achieved through the conversion of a part of the debt held by the main Italian banks, which therefore today have total ownership of the agency".
“As a result of this operation - the note continues - starting from March 2015, CIR no longer has any shareholding in the company. The industrial and commercial relaunch and the continuous cost efficiency achieved under the new management have meant that approximately €100 million have already been returned to the creditor banks, to which must be added cash availability of more than €300 million. The company is therefore rapidly proceeding with the debt settlement process, following the guidelines of its business plan which provides for its full repayment".
