ACEA S.p.A. (BIT:ACE) signed an agreement to acquire 51% stake in Pescara Distribuzione Gas Srl from Alma C.I.S. Srl and Mediterranea Energia Soc. Cons.a.r.l. on October 11, 2018. Post-completion, Alma and Mediterranea Energia will retain 49% stake in Pescara. Pescara will be fully consolidated in ACEA upon completion. The transaction is subject to approval from Municipality of Pescara and is expected to complete by the end of 2018. The transaction is approved by Italian antitrust authority. Francesco Sciaudone, Giovanni Battista Bruno, Daniela Fioretti and Clementina Bombacci of Grimaldi Studio Legale acted as legal advisors for ACEA S.p.A. UBI Corporate & Investment Banking acted as financial advisor in this transaction.