Financial Insights That Matter
MILAN (Reuters) -Italy’s antitrust has conditionally approved the acquisition of domestic rival 2i Rete Gas by Italgas, the largest gas distributor in Europe, the authority said on Tuesday.
Italgas agreed in October to buy 2i Rete Gas for 5.3 billion euros, marking a significant move in the consolidation of the country’s gas distribution sector.
The approval requires Italgas to implement several remedies, including the sale of some stakes in the so-called concession areas (ATEMs) in Italy.
Italgas is also mandated to take necessary measures in the ATEMs to foster the participation from other operators in tenders.
(Reporting by Cristina Carlevaro, editing by Gianluca Semeraro)
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.