Italgas S.p.A. (ITGGF)
| Previous close | 0.00 |
| Open | 5.85 |
| Bid | 6.10 x 308800 |
| Ask | 6.39 x 301800 |
| Day's range | 5.10 - 5.85 |
| 52-week range | 5.01 - 6.23 |
| Volume | |
| Avg. volume | 199 |
| Market cap | 4.989B |
| Beta (5Y monthly) | 0.60 |
| PE ratio (TTM) | 9.92 |
| EPS (TTM) | 0.62 |
| Earnings date | 24 Oct 2024 |
| Forward dividend & yield | 0.38 (6.18%) |
| Ex-dividend date | 20 May 2024 |
| 1y target est | N/A |
BloombergItalgas Targets €2.8 Billion Profit by 2030 After Buying Rival
(Bloomberg) -- Italgas SpA said its new plan targets nearly €3 billion ($3.3 billion) in profit by 2030 after the gas distributor sealed a deal to buy rival 2i Rete Gas.Most Read from BloombergSingapore Ends 181 Years of Horse Racing to Make Way for HomesUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsWhat Do US Vehicle Regulators Have Against Tiny Cars?For a Master of Brutalist Provocations, a Modest Museum App
BloombergItalgas Agrees to Buy Rival 2i Rete Gas in €5.3 Billion Deal
(Bloomberg) -- Italy’s Italgas SpA agreed to buy rival 2i Rete Gas in a deal that would transform it into Europe’s biggest gas distribution network operator.Most Read from BloombergSingapore Ends 181 Years of Horse Racing to Make Way for HomesFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsWhat Do US Vehicle Regulators Have Against Tiny Cars?Urban Heat Stress Is Another Disparity in the World’s Most Unequal NationFor a Master of Brutalist Provocations, a Modest Museum AppraisalItalga
- Reuters
Italgas' main shareholder ready to support acquisition of rival
Cdp Reti, the main shareholder of Italian gas distributor Italgas, is in favour of the possible acquisition of smaller rival 2i Rete Gas and is "willing to evaluate forms of support" for the deal, it said in a statement. Italgas said on Monday it had started exclusive talks to buy 100% of 2i Rete Gas, a step that would consolidate Italy's gas distribution market. "Considering the strategic role of the infrastructure and energy sectors," Cdp Reti looks "favorably on the possibility of the transaction, ... recognizing the potential industrial value," the state-controlled holding company said.
