ACEA Reviews ENI Plenitude’s Offer for ACEA Energia Amid Strategic Growth Initiatives

The latest update is out from ACEA SPA ( (IT:ACE) ).

ACEA’s Board of Directors is reviewing a binding offer from ENI Plenitude for ACEA Energia S.p.A., as part of its strategic asset rationalization plan. This move aligns with ACEA’s ‘Green Diligent Growth’ plan, which has seen the company achieve significant industrial and geographical growth, including major infrastructure projects and territorial expansions. The company is also focusing on protecting employment levels and strengthening its competitive position in the national market.

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 S.p.A. is a company operating in the utility sector, focusing on water, environmental, electrical, and public lighting services. It has been expanding its industrial and geographical footprint, particularly in the water sector through strategic investments and territorial expansion, and in the environmental sector with enhancements in waste-to-energy infrastructure.

Average Trading Volume: 130,304

Technical Sentiment Signal: Buy

Current Market Cap: €4.61B

For detailed information about ACE stock, go to TipRanks’ Stock Analysis page.