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ACEA SPA ( (IT:ACE) ) has issued an update.
Plenitude has signed a binding agreement to acquire ACEA Energia from ACEA S.p.A., which includes a 50% stake in Umbria Energy S.p.A., for up to 587 million euros. This acquisition will expand Plenitude’s customer base in Italy, helping it exceed 11 million customers in Europe and achieve its 2028 target two years early. For ACEA, the deal aligns with its strategy to focus on infrastructure and regulated businesses, allowing it to reinvest in innovation and sustainability.
The most recent analyst rating on (IT:ACE) stock is a Buy with a EUR26.50 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 is a major Italian industrial group listed on the Stock Exchange since 1999, specializing in the management and development of networks and services in the water, energy, and environment sectors. It is the leading Italian water operator and second in Europe, with international operations in Latin America. ACEA focuses on regulated businesses and aims to strengthen its position as a primary infrastructural operator.
Average Trading Volume: 97,481
Technical Sentiment Signal: Buy
Current Market Cap: €4.81B
Find detailed analytics on ACE stock on TipRanks’ Stock Analysis page.