Terna to buy Acea's high-voltage grid in Rome

Acea SpA

06/11/2024 16:04

MILAN, Nov 6 (Reuters) - Italy's power grid operator
Terna  TRN.MI  said on Wednesday it had reached a deal with
utility Acea  ACE.MI  to buy part of the high-voltage network in
the Rime area, in a move aimed at improving the electricity
transmission service.
    Acea said in a separate statement that the total
consideration for the sale was 247 million euros ($265 million),
of which nearly 224 million euros would be paid by Terna and
around 23 million euros would come from energy regulator ARERA.
    The consideration will be paid by Terna at the closing and
is subject to a price adjustment mechanism, Acea said, adding
the completion of the deal is expected in the first half of next
year.  

($1 = 0.9324 euros)

 (Reporting by Francesca Landini, editing by Cristina Carlevaro)
 ((francesca.landini@thomsonreuters.com; +39 02 66129437;
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