Acinque S.p.A.

ACS

IT0001382024

Multiline Utilities

Real-time Borsa Italiana Other stock markets 11:44:59 2024-04-29 am EDT			5-day change	1st Jan Change
2.01 ^EUR	0.00%		+3.08%	-1.47%

Apr. 23	Acinque shareholders appoint new board of directors	AN
Mar. 26	Acinque S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Acinque finalizes acquisition of 70 percent stake in Agesp Energia

January 03, 2024 at 01:28 pm EST

(Alliance News) - Acinque Spa announced Wednesday that it has finalized the acquisition of 70 percent of Agesp Energia Srl.

Agesp Energia operates in the sale of electricity and gas and has been the reference operator in the Busto Arsizio area for more than 60 years for its 39,300 customers. The company also operates in district heating service and owns the dedicated network as well as the cogeneration plant serving it.

In 2022, Agesp Energia reported Ebitda of EUR3.3 million, with EUR4.5 million average annual Ebitda expected over the next five years, and net financial debt of EUR18.7 million.

The announcement was also formalized following a favorable pronouncement in the city council of Busto Arsizio, Agesp's 99 percent shareholder, which resolved that the offer made was fair.

Acinque's stock closed Wednesday up 0.9 percent at EUR2.14 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Acinque S.p.A.

Acinque shareholders appoint new board of directors	Apr. 23	AN
Acinque S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 25	CI
Acinque, sharp drop in profit in 2023; down revenues and Ebitda	Mar. 08	AN
Acinque approves new Business Plan 2024-2028	Mar. 08	AN
Mib up slightly; Saipem at new annual peak	Mar. 08	AN
Futures little moved after Lagarde and Powell	Mar. 08	AN
Indices in green; Amplifon good after accounts	Mar. 07	AN
Mib continues to rise; Leonardo leads gains	Jan. 04	AN
Mib and Europeans open up before PMIs	Jan. 04	AN
Acinque finalizes acquisition of 70 percent stake in Agesp Energia	Jan. 03	AN
Acinque S.p.A. completed the acquisition of a 70% stake in AGESP Energia S.r.l. from AGESP S.p.A..	Jan. 02	CI
Acinque, accounts down in nine months; leverage increase requires EIB waiver	Nov. 13	AN
Acinque S.p.A. Reports Earnings Results for the Nine Months Ended September 30, 2023	Nov. 13	CI
Italy's Acinque utility aims to grow via regional M&A deals	23-10-16	RE
Acinque will acquire a 70 percent stake in Agesp Energia	23-09-29	AN
Acinque S.p.A. made an offer to acquire a 70% stake in AGESP Energia S.r.l. from AGESP S.p.A.	23-09-17	CI
Marco Gandini has resigned from his positions at Acinque	23-08-02	AN
Acinque, revenues and profits drop in first half of year	23-07-27	AN
Acinque S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2023	23-07-26	CI
A2A, Acinque and AEB in partnership to streamline services	23-07-12	AN
Futures bullish after US CPI slowdown	23-05-11	AN
Europeans in the red; Saras good after accounts	23-05-10	AN
Acinque, profit and investments drop; revenues up in quarter	23-05-10	AN
Acinque S.p.A. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-09	CI
Cetti renewed as chief executive officer of Acinque	23-04-28	AN

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Company Profile

Acinque SpA, formerly Acsm Agam SpA, is an Italy-based company engaged in the public utility services. The Company is active in the distribution and sale of gas; distribution and sale of water; management of the sewerage system; generation and management of electric energy and heat; sale of compressed natural gas (CNG) for motor vehicles, and collection, transport and disposal of waste. As of December 31, 2011, the Company generated energy and heat through two cogeneration plants. It operates in the municipalities of Como and Monza, as well as in other towns of Italian regions of Lombardy, Veneto and Friuli. As of December 31, 2011, the Company had a number of subsidiaries, including Comocalor SpA, Enerxenia SpA, EnerCalor Srl, ACSM-AGAM Reti Gas-Acqua Srl and Serenissima Gas SpA.

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Multiline Utilities

Calendar

2024-05-12 - Q1 2024 Earnings Release

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