Italgas CEO says interested in Gas Natural Italian assets (translated)
Gas Natural Fenosa (GNF) [BME:GAS] has Italgas [BIT:IG] interested in its Italian assets, Italian- language daily Il Sole 24 Ore reported. The report cited Italgas CEO Paolo Gallo as saying that the company would pursue a bid with "determination" if the assets came to market.
Previous reports have said that 2i Rete Gas, a subsidiary of Italian infrastructure fund F2i, could also put in an offer.
Gas Natural's Italian assets could be valued at over EUR 400m.The assets generated an EBITDA of EUR 66m in 2015. The report said that Gas Natural's Italian network serves 420,000 families and 17,000 business clients.