ERG shares jump after media report on merger potential

Erg SA

17/02/2026 09:38

** Shares in Italian energy company ERG ERG.MI rise about 4% after a local media reported the group was exploring industrial partnerships and extraordinary transactions that could lead to a significant shareholding reshuffle

** Italian daily Il Corriere della Sera reports, citing unnamed sources, that the partnership prospects may involve Italian utility A2A A2.MI, Swiss power company Axpo and/or more investment firms, but says a merger with an industrial partner remains the most likely option

** ERG declined to comment on the report when contacted by Reuters

** Italian brokerage Akros says "an industrial partnership could allow the company to better manage the current market scenario", given the uncertainty relating to electricity markets and energy transition

** The daily also reports that discussions are ongoing between the Garrone family, which controls ERG, and the Australian fund Ifm over “their partnership and the future of ERG”

(Reporting by Mirko Miorelli)

((Mirko.miorelli@thomsonreuters.com))