Medea S.p.A. has entered into an investment agreement to acquire a stake in Energie Rete Gas, enhancing its operational capacity in Sardinia's gas distribution sector.
Target Company Overview
Mediterranea Energia Ambiente S.p.A. ("Medea S.p.A.") is a key player in the gas distribution sector in Sardinia, operating as part of the Italgas Group. Medea S.p.A. is 48.15% owned by the Marguerite II fund and is actively involved in the management of gas transportation and distribution activities within the region.
On 26 July 2022, Medea S.p.A. entered into an investment agreement with Energetica S.p.A., marking a significant milestone in its business operations. As part of this agreement, Medea acquired a stake in Energie Rete Gas, a wholly-owned subsidiary of Energetica S.p.A. that oversees approximately 142 kilometers of regional methane pipelines.
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Industry Overview in Sardinia
The natural gas distribution industry in Sardinia is currently undergoing a transformation, driven by an increased focus on clean energy and regional methanization initiatives. As th
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Medea S.p.A.
invested in
Energie Rete Gas
in 2022
in a Other deal
Disclosed details
Transaction Size: $30M
Enterprise Value: $57M
Equity Value: $17M