Italgas Buys 22.5% Stake in Floene
Italgas has agreed to acquire a 22.5 percent stake in Portuguese gas distributor Floene from Marubeni and Toho Gas for approximately 120 million euros. The transaction expands the Italian utility company's international presence into the Portuguese market.
Xurve View
Insights:
Xurve View
Italgas S.p.A. agreed on Friday morning to acquire a 22.5% stake in Floene for €120 million. The deal expands the Italian utility's footprint into Portugal. The transaction values Floene at an equity value of €530 million.
