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A2A SpA ( (IT:A2A) ) has provided an announcement.
A2A S.p.A., along with its subsidiaries Unareti S.p.A. and LD Reti S.r.l., has completed the sale of its gas network assets to Ascopiave S.p.A. The transaction involves the transfer of 100% of the shares of AP RETI GAS North S.r.l., which manages approximately 490,000 gas distribution points in several Italian provinces. The deal, valued at 430 million euros, will be effective from July 1, 2025, and reflects the valuation as of December 31, 2023. This strategic move is expected to impact A2A’s operations by streamlining its asset portfolio and potentially enhancing its market positioning.
The most recent analyst rating on (IT:A2A) stock is a Hold with a EUR2.50 price target. To see the full list of analyst forecasts on A2A SpA stock, see the IT:A2A Stock Forecast page.
More about A2A SpA
A2A S.p.A. is a company involved in the utilities industry, focusing on energy services such as electricity and gas distribution. The company operates primarily in Italy and is engaged in managing and developing infrastructure for energy distribution.
YTD Price Performance: 11.21%
Average Trading Volume: 10,508,285
Technical Sentiment Signal: Buy
Current Market Cap: €7.15B
Find detailed analytics on A2A stock on TipRanks’ Stock Analysis page.