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ACEA SPA ( (IT:ACE) ) has provided an update.
ACEA’s Board of Directors has approved a binding offer from Eni Plenitude to purchase ACEA Energia, excluding certain business lines, for a total of 588.5 million euros. This transaction aligns with ACEA’s strategic plan to enhance its infrastructure focus, reduce market exposure, and reinvest in infrastructure development, particularly in Rome’s electricity distribution network.
The most recent analyst rating on (IT:ACE) stock is a Buy with a EUR19.00 price target. To see the full list of analyst forecasts on ACEA SPA stock, see the IT:ACE Stock Forecast page.
More about ACEA SPA
ACEA SPA is a company operating in the infrastructure sector, focusing on regulated businesses such as water, networks, public lighting, and environment. The company is strategically shifting towards strengthening its infrastructure operations, particularly in electricity distribution.
Average Trading Volume: 117,748
Technical Sentiment Signal: Buy
Current Market Cap: €4.54B
See more insights into ACE stock on TipRanks’ Stock Analysis page.