A2A S.p.A. (A2A.MI)

Italy's A2A signs $1.3 billion deal with Enel for distribution networks in Lombardy

Under the deal, a newly incorporated company will be set up to which e-distribuzione will contribute its electricity distribution assets in the province of Milan and Valtrompia, A2A said, adding that it will hold 90% of this entity. Upon completion of the sale, A2A and e-distribuzione will also enter into a shareholders’ agreement for call and put options on the remaining 10% stake, A2A said in a statement.