Brief: Italgas CEO sees 70 mln euro AI efficiencies as minimum
30/10/2025 16:17
Oct 30 (Reuters) - Italgas IG.MI CEO Paolo Gallo, Italgas Reti CEO Pier Lorenzo dell'Orco, CFO Gianfranco Amoroso told analysts: ITALY'S ITALGAS CEO: GAS DEMAND IN ITALY ROSE AROUND 6% YEAR ON YEAR IN JANUARY-SEPTEMBER PERIOD ITALGAS CEO: INVESTMENT LINKED TO DIGITIZATION OF 2I RETE GAS INFRASTRUCTURE TO REACH 900 MILLION EUROS, HIGHER THAN EXPECTED ITALGAS CEO: EXPECTS THE BULK OF EFFICIENCIES FROM MERGER TO BE REACHED BY 2028 ITALGAS EXEC: GROUP PLANS TO DEPLOY SMALL LNG PLANTS IN SARDINIA AND GREECE ITALGAS EXEC: GROUP WILL DEDICATE 3.1 BILLION EUROS OF CAPEX TO DIGITISATION AND AI TRANSFORMATION IN 2025-31 ITALGAS CEO: NO OPPORTUNITIES ON THE MARKET FOR BOLT ON ACQUISITIONS NOW ITALGAS CEO: WE WILL LOOK TO MACRO SCENARIO, REGULATORY FRAMEWORK IN CASE WE WANT TO EMBARK IN M&A OUTSIDE ITALY ITALGAS EXEC: WE WILL NOT INVEST DIRECTLY IN BIOMETHANE PRODUCTION BUT MAKE CONNECTION TO THE GRID EASIER, CHEAPER ITALGAS CEO: ESTIMATE OF 70 MILLION EURO IN EXPECTED EFFICIENCIES FROM AI SHOULD BE CONSIDERED AS A FLOOR Source text: [ID:] Further company coverage: IG.MI (Reporting by Milan newsroom)