Enel's e-distribuzione sells 90% of Lombardy's Milan and Brescia electricity distribution to A2A for €1.2bn.
Enel's subsidiary e-distribuzione agrees to sell 90% of electricity distribution activities in Lombardy's Milan and Brescia provinces to A2A for €1.2bn. A2A will pay the amount for a newly incorporated vehicle, NewCo, with e-distribuzione retaining a 10% stake. The deal is expected to positively impact Enel's consolidated net debt and reported net income in 2024. Additionally, e-distribuzione and A2A sign a non-binding MoU for e-distribuzione to potentially acquire certain distribution activities outside Milan and Brescia.
March 11, 2024
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