Italy's A2A has no plans to increase stake in Ascopiave - CEO
20/02/2020 09:55
MILAN, Feb 20 (Reuters) - Italian regional utility A2A
A2.MI does not plan to increase its stake in Treviso-based
rival Ascopiave ASCI.MI following its recent acquisition of a
4.1% stake, chairman Giovanni Valotti said on Thursday.
"For the time being there is no intention to increase our
stake unless hostile action is taken," Valotti added on the
sidelines of a meeting.
In response to the purchase made by A2A, Ascopiave has
bought a 3.67% stake in Acsm-Agam ACAG.MI , a local utility
controlled by A2A.
(Reporting by Giancarlo Navach; editing by James Mackenzie)
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