Finalised agreement between Italgas and A2A for the reciprocal transfer of assets

Milan, January 31, 2020 – Today Italgas and A2A have concluded in Milan an agreement for the reciprocal transfer of some assets in order to strengthen their respective core businesses. The transaction, announced on 8 October 2019, was finalized following the occurrence of the conditions precedent provided for. In particular, Italgas Reti (Italgas Group) sold to A2A Calore & Servizi (A2A Group) all the district heating activities currently managed in the municipality of Cologno Monzese (Milan); at the same time, Unareti (A2A Group) will sell to Italgas the natural gas distribution activities managed in seven municipalities in the ATEM Alessandria 4. The district heating plant at Cologno Monzese consists of a distribution network of over 8 kilometers, serving 52 heat exchange substations with heat sales of approximately 26.1 GWh. The seven gas distribution networks in the municipalities of Castelnuovo Scrivia, Pecetto di Valenza, Bassignana, Rivarone, Guazzora, Montecastello and Pietra Marazzi cover a total of over 140 kilometres and serve about 4,200 users.