Hera S.p.A. - An important step in the Hera-Amga business combination
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 14 March 2014
Release date- 13032014 - Today Hera S.p.A. was informed that the Italian Competition Authority resolved not to open the inquiry into the merger of Amga - Azienda Multiservizi S.p.A. with and into Hera S.p.A.
This fulfills one of the conditions precedent provided for by the agreement signed on 23 January 2014, allowing the Hera Group to take a further step in the process of achieving a business combination with the Udine-based multi-utility.
Meanwhile, the authorization process with Hera's public shareholders is under way. To date, 14 entities, between municipalities and government-owned holding companies, have expressed their views, with the process expected to be completed by the end of March.
Eventually, the business combination will be submitted for approval to the shareholders of Hera S.p.A. and Amga - Azienda Multiservizi S.p.A, whose general meetings have already been scheduled for 23 April. In case of positive outcome of the process, the business combination will take effect as of 1 July 2014.
Jens Klint Hansen
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