Acsm-Agam S.p.A. (BIT:ACS) signed a non-binding memorandum of understanding to acquire AEVV Energie S.r.l. from AEVV S.p.A. and Lario Reti Holding Spa In Acronimo Lrh Spa on November 13, 2017. Acsm-Agam S.p.A. (BIT:ACS) signed an agreement to acquire AEVV Energie S.r.l. from AEVV S.p.A. and Lario Reti Holding Spa In Acronimo Lrh Spa on January 23, 2018. Under the terms, each shareholder of AEVV Energie will receive 6.15 ACSM-AGAM shares. In related transactions, Acsm-Agam S.p.A. (BIT:ACS) agreed to acquire ASPEM S.p.A., Acel Service S.r.l., A2A Idro4 S.r.l., AEVV S.p.A. and Lario Reti Gas S.r.l. Municipalities, which have equity stakes in A2A Service, will sign the relative contractual documents only after the final approval by the respective administrative bodies expected by March 12, 2018. The deal is subject to approval of the shareholders of Acsm-Agam, AEVV Energie, AEVV and Lario Reti, full subscription by the Municipalities of Como, Monza, Sondrio and Varese of the contractual documents, approval of Italian Competition Authority and issuing of the positive opinion of the independent expert on the exchange ratio. The Boards of Directors of ACSM-AGAM S.p.A., AEVV Energie, Lario Reti and AEVV approved the deal on January 23, 2018. The Related-Party Committee has given a favorable opinion with regard to the transaction. On March 12, 2018, the Municipalities of Como, Monza, Sondrio and Varese, shareholders of the entities involved in the Aggregation Project, adhered to the Aggregation Project, signing the related contractual documents. Furthermore, also on March 12, 2018, the positive opinion on the exchange ratio of the Merger and the Demerger was released by the independent expert. As of May 3, 2018, antitrust authority approved the transaction. As of May 16, 2018, the transaction was approved by the shareholders of Acsm-Agam S.p.A. As of June 20, 2018, the final condition relating to the deadline for opposition by the creditors of the companies involved was satisfied. PwC acted as financial advisor while PwC TLS Avvocati e Commercialisti acted as legal advisor for Lario Reti, AEVV and ACSM-AGAM. Bonelli Ered acted as legal advisor for ACSM-AGAM. Banca IMI acted as financial advisor for ACSM-AGAM and Rothschild acted as financial advisor for Lario Reti. Lazard acted as the financial advisor and Gatti, Pavesi, Bianchi acted as legal advisor for Related-Party Committee of ACSM-AGAM. Acsm-Agam S.p.A. (BIT:ACS) completed the acquisition of AEVV Energie S.r.l. from AEVV S.p.A. and Lario Reti Holding Spa In Acronimo Lrh Spa on June 25, 2018.