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The company in which CDP is a major stakeholderconfirms its presence in Sardinia finalising the acquisition of the gas distribution company in Sassari
Italgas, a company in which CDP is the top stakeholder through direct and indirect holdings, has finalised the acquisition of 100% of Medea Spa, a gas distribution company in Sassari.
The transaction, with a counter value of €24.1 million (of which €15.9 million was paid in cash and the rest by taking on the company’s debt), is part of the Italgas growth strategy, announced in the 2017-2023 Business Plan.
For the company, leader in gas distribution in Italy, entering Medea is a further step forward for its presence in Sardinia; where Italgas is present with Ichnusa gas, the company recently purchased which owns 12 concessions, to implement and operate gas distribution networks in the Island’s 81 municipalities.