Italian merger to go ahead without Hera

October 2008
Utility Week;10/24/2008, Vol. 29 Issue 23, p17
Trade Publication
The article reports on the agreement between North Italian utilities Iride and Enia for a share-swap ratio and other terms of a planned merger. However, plans to include a third company, Hera, in the nucleus of a new national supplier are on hold, following the surprise last-minute collapse of talks with the Emilia-Romagna firm. Sergio Cofferati, mayor of Bologna and Hera's leading shareholder, said the separate deal was incomprehensible, because only minor differences remained with Iride and Enia.


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