(Alliance News) - Acinque Spa on Wednesday signed a framework agreement with A2A Spa and AEB Spa concerning the reorganization and streamlining of certain staff services of cross-cutting relevance for the group headed by A2A, the group headed by Acinque and the group headed by AEB to be implemented through the contribution to a newly established joint-stock company, wholly owned by A2A, against a capital increase by NewCo, of the business units respectively held by A2A, Acinque and AEB and, after the completion of the contribution, the provision by NewCo, for consideration, in favor of the companies belonging to the A2A group, the Acinque group and the AEB group of services on the basis of specific annual service agreements.

The countervalue of the transaction amounts to EUR33 million.

Acinque on Wednesday closed

By Claudia Cavaliere, Alliance News reporter

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