Done
According to what was reported by MF, the F2i fund is intent on accelerating preparations for the IPO, so much so that it has planned to start with some investors in June. CEO Ravanelli’s intention would be to try to finalize the listing around September, aiming to place shares worth Eu600mn at an overall valuation of Eu5bn (EV).
At the moment it seems to have closed any possibility of negotiation which according to rumors would have presented an offer between Eu4bn and Eu5.0bn even if it cannot be ruled out that the proposal has only been frozen and that it could be resumed especially in the event of an improved offer.
Effect
As already commented, an aggregation between the two gas distributors had already been studied in 2016 when Italgas was still controlled by Snam and shortly…
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SEE THE ITALGAS ANALYSIS
