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HERA S.p.A. ( (IT:HER) ) has shared an announcement.
HERA S.p.A. and AIMAG have signed a framework agreement to enhance their industrial partnership, focusing on improving AIMAG’s industrial and financial position. The agreement involves Hera transferring a 45% stake in a new water management company, increasing its stake in AIMAG from 25% to 41%, while public shareholders retain 51%. This move aims to create synergies and enable a 250 million euro investment plan from 2025-2028, benefiting local communities and strengthening the water network resilience in the Modena area.
More about HERA S.p.A.
AIMAG Group operates in the sectors of environmental services, water cycle, and energy, serving over 230 thousand energy customers, managing 121 thousand gas supply points, 2,000 km of water networks, and providing waste services to 176 thousand citizens in 12 municipalities. It recorded revenues of 400 million euros in 2023, with an operating margin of over 60 million euros.
YTD Price Performance: 2.27%
Average Trading Volume: 48,138
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €5.15B
See more data about HER stock on TipRanks’ Stock Analysis page.
