October 24, 2019 / 11:43 AM / 19 days ago

IREN to submit non-binding offer for Unieco assets: CEO

MILANO (Reuters) - IREN (IREE.MI) will submit a non-binding offer for the assets of waste management company Unieco Holding Ambiente, the chief executive of the Italian regional utility said on Thursday.

Speaking to Reuters on the sidelines of a conference, CEO Massimiliano Bianco said Nov. 22 was the deadline to submit an offer.

Italy’s industry ministry in September gave a go-ahead for the sale of Unieco Holding Ambiente. The group, based in the northern Emilia Romagna region and currently under liquidation, owns financial holdings in 22 companies, 35 plants in 5 regions and 250 employees.

Its enterprise value is of around 100 mln euros, accord to local press reports.

Reporting by Giancarlo Navach, editing by Valentina Za

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