A2A looks to buy other utilities
A2A, the listed Italian utility, is looking to become an aggregating force in the utilities sector, Italian language daily Il Sole 24 Ore reported. The report cited documentation produced by A2A management that still needs to be approved by shareholders.
The report said that A2A is looking to target small utilities in its immediate geographic area.
The report said that A2A has ruled out any capital increase to fund any M&A and has also said that any transactions will not put at risk the control of the group by the Milan and Brescia city councils.
A2A has a market cap of EUR 2.636bn.
Source Il Sole 24 Ore