Acinque S.p.A. made an offer to acquire a 70% stake in AGESP Energia S.r.l. from AGESP S.p.A. on September 18, 2023. On September 29, 2023, Acinque SpA has been awarded the public tender procedure launched by AGESP S.p.A. to purchase 70% of the stake held by it in AGESP Energia. The communication was formalized following the favorable ruling in the City Council of Busto Arsizio, 99% shareholder of AGESP S.p.A. The enterprise value of the share being acquired is equal to ?31.4 million. In 2022 Agesp Energia recorded an Ebitda of ?3.3 million with ?4.5 million of average annual Ebitda expected for the next five years, and a net financial debt of ?18.7 million. The completion is expected with an effective date of January 1, 2024, which is subject to the fulfillment of the condition precedent set out in the Preliminary Contract, by the Competition and Market Authority.

Acinque S.p.A. completed the acquisition of a 70% stake in AGESP Energia S.r.l. from AGESP S.p.A. on January 3, 2024.