Italgas has approved a capital increase of up to €1.020 billion to finance its acquisition of 2i Rete Gas S.p.A., aimed at reducing net financial debt and enhancing operational capacity.
Target Information
Italgas, a prominent player in the Italian gas distribution sector, held its ordinary and extraordinary shareholders' meeting on April 10, 2025, in Milan, under the chairmanship of Benedetta Navarra. The meeting, attended by shareholders representing 79.43% of the capital, approved a significant capital increase proposal amounting to a maximum of €1.020 billion. This capital increase is intended to bolster the company's financial posture following its acquisition of 2i Rete Gas S.p.A., which was finalized on April 1, 2025.
The capital increase will be executed through the issuance of ordinary shares, issued at regular enjoyment and with the same characteristics as existing shares. Shareholders will have the option to participate in this issuance based on the number of shares they currently hold, effectively allowing the company to strengthen its equity position while reducing its net financial debt.
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Industry Overview in Italy
The gas distribution sector in Italy has undergone significant changes in recent years, characterized by increased market liberalization and regulatory reforms aimed at enhancing competition. This industry is essential for Italy's energy infrastructure, connecting mil
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Disclosed details
Transaction Size: $1,130M