Enel S.p.A. said its subsidiary e-distribuzione signed an agreement with A2A S.p.A. for the sale to the latter of 90% of the capital of a newly incorporated vehicle or NewCo, to which electricity distribution activities in some municipalities of the provinces of Milan and Brescia will be contributed. The deal provides for A2A to pay a consideration of approximately 1.2 billion euros. Upon completion, e-distribuzione will retain a 10% stake of NewCo's capital.
The transaction is anticipated to generate a positive effect on the Enel Group's consolidated net debt in 2024 of about 1.2 billion euros and a positive impact on reported net income for 2024 of about 1 billion euros.
Also, e-distribuzione signed with A2A a non-binding MoU aimed at exploring the possible acquisition by e-distribuzione of certain electricity distribution activities, outside the provinces of Milan and Brescia, currently held by A2A.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.