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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Ascopiave S.p.A.    ASC   IT0004093263

ASCOPIAVE S.P.A.

(ASC)
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Ascopiave S p A : Sustainability loan signed for a total of 50 million euros, with goals linked to sustainability benchmarks

11/30/2020 | 12:35pm EST

PRESS RELEASE

ASCOPIAVE: SUSTAINABILITY LOAN SIGNED FOR A TOTAL OF 50 MILLION EUROS,

WITH GOALS LINKED TO SUSTAINABILITY BENCHMARKS

Ascopiave has signed a ESG linked Loan with Intesa Sanpaolo S.p.A. for a total amount of 50 million Euros.

The credit line will have a duration of 3 years, with an interest rate based on the achievement of specific targets linked with environmental, social and governance ("ESG") benchmarks.

The related liquidity will be allocated for the management of the company's finance, within the sphere of prudence and support for the Group's future investment operations.

This new initiative aims at joining sustainability and industrial growth, focussing on the optimisation of ESG goals and value generation for all the stakeholders.

The Ascopiave Group is one of the leading operators in natural gas distribution in the country.

The Group owns concessions and direct assignments for the management of activities in 268 towns, supplying services to about 775,000 inhabitants, through a network which spreads over 12,000 kilometres.

Ascopiave is also a partner of the Hera Group in the marketing of gas and electric power, through a 48% stake in Est Energy, a leading operator in the field holding a portfolio of over 1 million sales contracts to end users, mainly in Veneto, Friuli Venezia- Giulia and Lombardy regions.

Ascopiave has been listed under the Star segment of Borsa Italiana since 12th December 2006.

Contact:

Community Group

Ascopiave

Giuliano Pasini

Tel. 0438 / 980098

Auro Palomba

Roberto Zava - Media Relator

Tel. 0422 / 416111

Cell. 335 / 1852403

Cell. 335 / 6085019

Giacomo Bignucolo - Investor Relator

Cell. 335 / 1311193

Pieve di Soligo, 30th November 2020

1

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

ASCOPIAVE S.p.A. published this content on 30 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2020 17:34:08 UTC


© Publicnow 2020
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Sales 2020 194 M 236 M 236 M
Net income 2020 40,1 M 48,8 M 48,8 M
Net Debt 2020 339 M 413 M 413 M
P/E ratio 2020 21,0x
Yield 2020 4,37%
Capitalization 812 M 989 M 989 M
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Nbr of Employees 472
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Number of Analysts 3
Average target price 4,27 €
Last Close Price 3,66 €
Spread / Highest target 23,0%
Spread / Average Target 16,6%
Spread / Lowest Target 9,29%
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NameTitle
Nicola Cecconato Chairman & Chief Executive Officer
Riccardo Paggiaro Chief Financial Officer
Antonio Vendraminelli Chief Technology Officer
Enrico Quarello Independent Director
Greta Pietrobon Independent Director
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