Italgas Agrees to Buy Rival 2i Rete Gas in €5.3 Billion Deal
Italgas SpA’s purchase of 2i Rete Gas is expected to close in the first half of 2025.
Photographer: Alessia Pierdomenico/Bloomberg
This article is for subscribers only.
Italy’s Italgas SpA agreed to buy rival 2i Rete Gas in a deal that would transform it into Europe’s biggest gas distribution network operator.
Italgas signed a deal to buy shares in 2i Rete Gas held by shareholders F2i SGR SpA and Finavias, according to a statement Saturday. The transaction includes a consideration of €2.06 billion, while the net financial debt and liabilities amounted to about €3.25 billion.