Iride major shareholders seeks AEM/ASM Brescia meeting - ASM owner |
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Mon, 10 Dec 2007 12:49
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MILAN (Thomson Financial) - The mayors of Turin and Genoa, the main shareholders in Iride SpA, have asked to meet A2A, the name for the merger of AEM SpA and ASM Brescia SpA, said Brescia mayor Paolo Corsini.There is speculation of further mergers between municipally owned utilities in the wake of creation of A2A, a merger due to become effective Jan 1, linking the Milan and Brescia utilities.'The mayor of Turin, Sergio Chiamparino, has expressed an interest in meeting us, so has Marta Vincenzi,' the mayor of Genoa, said Corsini.Speaking at a presentation of A2A in Brescia, he said the new group is not considering expansion in the north east of Italy.The merger of AEM and ASM is the start 'for a big project for the north of our country', he said, without further details.Other speculation on north Italy utility mergers centres on Bologna utility Hera SpA, which is seen eyeing Iride and Rome's Acea SpA.Energy regulator chief Alessandro Ortis said mergers are positive so long as they focus on industrial aspects because they can generate synergies, more competitive capacity and consumer benefits.nigel.tutt@thomson.comnt/sljCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Iride, Enia shareholders to study linkup with a view to form North Italy utility 