Energy
Italgas Targets €2.8 Billion Profit by 2030 After Buying Rival
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Italgas SpA said its new plan targets nearly €3 billion ($3.3 billion) in profit by 2030 after the gas distributor sealed a deal to buy rival 2i Rete Gas.
The Italian company said in a statement Monday that it sees earnings before interest, taxes, depreciation and amortization reaching €2.8 billion by 2030, and it confirmed a 65% dividend payout with an increased floor to 5% annual growth.