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ACEA SPA ( (IT:ACE) ) has provided an announcement.
Acea S.p.A. has announced a corporate reorganization involving a partial demerger by spin-off, transferring assets related to the gas distribution sector to a newly established, wholly owned subsidiary, a.Gas S.p.A. This strategic move is aimed at streamlining operations and focusing on core business areas, potentially enhancing the company’s market positioning and operational efficiency.
More about ACEA SPA
Acea S.p.A. operates in the utilities sector, focusing on energy and water services. The company is involved in the distribution of electricity and gas, as well as water management, primarily serving the Italian market.
YTD Price Performance: -7.49%
Average Trading Volume: 7,953
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €3.67B
See more data about ACE stock on TipRanks’ Stock Analysis page.