Italgas and 2i Rete Gas may merge and list
Italgas and 2i Rete Gas, the Italian gas distributors could merge and then list, Italian language daily Il Corriere della Sera reported. The unsourced report said that the merged entity could then look toward a listing on the Italian Stock Exchange.
The report said that the merger would create a group with revenues of EUR 1.8bn.
The item noted that Italgas is owned by listed Italian gas network Snam, while 2i Rete Gas is controlled by Italian infrastructure fund F2i with a 72% stake and private equity fund Ardian with a 28% holding.
Il Corriere della Sera