Thursday March 27, 04:04 PM
Hera chairman says will meet Acea, Iride, Enia on alliances mid-April
MILAN (Thomson Financial) - Hera SpA chairman Tomaso Tommasi di Vignano said he will meet Acea SpA (Milan: ACE.MI - news) , Iride SpA (Milan: IRD.MI - news) and Enia SpA in mid-April to discuss alliances.
On March 4, Hera (Milan: HER.MI - news) 's core shareholders mandated management to explore mergers with other publicly-owned utilities in Italy.
'The aim is to become the biggest multiutility in Italy,' Hera shareholder pact president Sergio Cofferati said at the time.
Last year, the shareholder pact gave a more specific mandate to management to explore the possibility of a merger with Iride and/or Acea.
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