Yesterday Acea communicated that he received from Eni full a binding offer for the acquisition of 100% Of Acea Energia. Acea Energia is the company of the Acea group (the Capitoline Multi-Utility 51% controlled by the Municipality of Rome) which provides electricity and gas for over 1.2 million customers. It is considered a solid and reliable reality, with a historical presence especially in Central Italy and a reputation built over years of stable and widespread service.
Acea is about to start the internal process that will lead the corporate bodies to evaluate the offer received: it is now a matter of analyzing numbers, perspectives and possible impacts before deciding whether to go on or not.
The binding proposal of Eni plenitude, the note from Acea
ENI PLENUTE (which a month ago was ready to sell a percentage to Ares) is the subsidiary of Eni Focused on renewables and supplies of light and gas. With the binding offer Annunciata aims to detect the entire share capital of Acea Energia in a single solution. Clearly, they would like to get their hands on one Customer base already well -run (We are talking about over 1.2 million utilities) and thus expand the slice of the market among retail suppliers. Acea confirmed everything with an official note. In the text of the note we read:
“Acea announces that it has received a binding offer from Eni full of the entire share capital of the subsidiary Acea Energia Spa (100% Acea). Acea will start the relative evaluation process as soon as possible, so that the competent bodies can assume the determinations and decisions of the case”.
THE’Offer does not indicate an official price. According to rumors mentioned by Il Sole 24 Ore, it is A few hundred million eurosconsidering the size of the transferred energy business. If accepted, please would integrate acea energy customers in its own portfolio, expanding its network of electrical and gas supplies in Italy.
Because Eni focuses on Acea Energia and what would change for customers
For Acea, get away from Acea Energia It means making order at home. Selling the subsidiary dedicated to the sale of light and gas means freeing resources and concentrating forces on what does best: water, environment and infrastructure.
On the other hand, Eni sniffs the opportunity. Full, the energy and green arm of the group, already has 10 million customers scattered between Italy and Europe. With the acquisition of Acea Energia, he would add more than one million users to his wallet. And then there are the columns: those who control the recharging of electric vehicles carves out a front row seat in the new mobility market.
But there is more. If the operation went throughThe Balances in the energy retail market they would change. Fly would strengthen, and direct competitors would have one more giant to deal with. For consumers it is not exactly good news, less competition may mean less offers, less discounts and less margins to change supplier.
Acea now has to read between the lines and understand if it is worth saying yes. On the table there are important figures and a slice of the market that throats many.
