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Terna eying possible high-end service acquisitions in U.S.
September 1, 2017 / 2:44 PM / 2 months ago

Terna eying possible high-end service acquisitions in U.S.

Terna high voltage pylons are seen in Montalto di Castro, central Italy, April 27, 2016. REUTERS/Max Rossi

CERNOBBIO, Italy (Reuters) - Italian power grid company Terna (TRN.MI) is considering high-end service acquisitions in the United States, its CEO told Reuters on Friday.

The state-controlled group is looking at taking equity stakes in foreign companies or buying into sectors offering high-end energy solutions, Luigi Ferraris said on the sidelines of a meeting.

“There’s Latin America where we are already, but we’re also looking carefully at the United States as regards high value-added services,” he said.

Ferraris, a former manager at Italy’s top utility Enel (ENEI.MI), said the group would consider acquisitions in Europe too.

Reporting by Giancarlo Navach, writing by Stephen Jewkes, editing by Francesca Landini

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