Informazione
Regolamentata n.
0167-98-2026Data/Ora Inizio Diffusione 2 Ottobre 2026 07:29:23Euronext Milan
Societa' :ITALGAS
Utenza - referente :ITALGASN09 - Scaglia Anna Maria
Tipologia :3.1
Data/Ora Ricezione :2 Ottobre 2026 07:29:23 Data/Ora Inizio Diffusione :2 Ottobre 2026 07:29:22 Oggetto :Italgas signs a binding agreement with Marubeni and Toho Gas to acquire a 22.5% stake in Floene Testo del comunicato
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Press Release
This press release is available on the following
website: www.italgas.it
Investor Relations Italgas +39 02 8187 2175
investor.relations@italgas .it
Italgas Press Office +39 02 8187 2020
ufficio.stampa@italgas.it
Italgas signs a binding agreement with Marubeni and Toho Gas to acquire a 22.5% stake in Floene
Milan, 2 October 2026 – Italgas Group signed a binding agreement with Marubeni Corporation and Toho Gas Co. Ltd. to acquire 100% of Meet Europe Natural Gas , the company that holds a 22.5% stake in Floene , Portugal’s leading gas distribution operator.
The potential acquisition represents an important step forward in the M&A -driven growth strategy included in the 2026 –2032 Strategic Plan announced in June . The transaction would enable Italgas to play a significant industrial role within the partnership, through the joint control of Floene.
“The transaction would generate significant industrial value, delivering benefits for customers, local communities and all stakeholders, while supporting the long -term development of the gas distribution sector in Portuga l – said Italgas CEO Paolo Gallo –: thank s to the acquisition it would be possible to combine Floene’s deeply rooted local presence with Italgas’ proven expertise in network digitalisation, innovation and operational efficiency .”
The (equity) value of the transaction is approximately 120 million euros . Successful c losing of the transaction is subject to the satisfaction of certain conditions, including the required approvals from the competent authorities.
Floene
With approximately 1.1 million active users across the residential and industrial segments and a network of around 14,000 km, Floene is Portugal’s leading gas distribution operator. The company holds five gas distribution concessions in strategic areas of the country, including the Lisbon metropolitan area, and, through a licensing system, manages gas distribution in additional areas of Portugal.
Fine Comunicato n.0167-98-2026 Numero di Pagine: 3