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The latest announcement is out from Terna S.p.A. ( (IT:TRN) ).
Terna S.p.A. has completed the acquisition of Rete 2, a company owning part of the high-voltage infrastructure in Rome, from Areti, part of the Acea Group. This strategic acquisition, valued at approximately €227 million, aligns with Terna’s 2024-2028 Industrial Plan and aims to enhance the operational management of the electricity network in Central Italy. The move is expected to create value and efficiency for the electricity system, with minimal impact on Terna’s financial leverage, and supports regulatory incentives for unifying high-voltage assets under Terna’s management.
The most recent analyst rating on (IT:TRN) stock is a Buy with a EUR9.50 price target. To see the full list of analyst forecasts on Terna S.p.A. stock, see the IT:TRN Stock Forecast page.
More about Terna S.p.A.
Terna S.p.A. operates in the energy sector, focusing on the management and development of the national electricity transmission grid in Italy. The company is responsible for ensuring the security, quality, and cost-effectiveness of the electricity system, with a focus on integrating high-voltage networks and promoting efficient energy transmission.
Average Trading Volume: 3,063,866
Technical Sentiment Signal: Strong Buy
Current Market Cap: €17.17B
Find detailed analytics on TRN stock on TipRanks’ Stock Analysis page.