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Italgas SpA (IG.MI)

IG.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Italgas Q1 Net Profit Up At EUR 74.7 Mln
Tuesday, 8 May 2018 

May 8 (Reuters) - Italgas SpA ::SAYS Q1 REVENUE EUR 281.0 MILLION VERSUS COMPANY-PROVIDED CONSENSUS OF EUR 281 MILLION.SAYS Q1 EBITDA EUR 198.4 MILLION VERSUS COMPANY-PROVIDED CONSENSUS OF EUR 198 MILLION.SAYS Q1 NET PROFIT EUR 74.7 MILLION VERSUS COMPANY-PROVIDED CONSENSUS OF EUR 75 MILLION.SAYS NET DEBT AT END-MARCH EUR 3.66 BILLION.SAYS IN 2018 ACTIONS AIMED AT OPTIMISING THE FINANCIAL STRUCTURE OF ITALGAS GROUP WILL CONTINUE.SAYS DURING 2018 FURTHER GROWTH WILL BE PURSUED THROUGH MERGERS AND ACQUISITIONS.  Full Article

Italgas Issue Further Bonds Due 2029 For EUR 250 Mln
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - ITALGAS SPA ::SAID ON TUESDAY IT REOPENED THE BOND ISSUED ON SEPT. 18, 2017, MATURING IN JAN. 2029 FOR A FURTHER EUR 250 MLN.THE ORIGINAL BOND AMOUNT OFFERED WAS OVERSUBSCRIBED ABOUT 7 TIMES, ALLOWING TO INCREASE THE SIZE OF THE ISSUE FROM EUR 100 MLN TO EUR 250 MLN.  Full Article

Italgas Buys Concession And Gas Distribution Network Of Portopalo
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - ITALGAS ::SIGNS WITH AENERGIA RETI BINDING AGREEMENT TO BUY BUSINESS UNIT WITH GAS DISTRIBUTION CONCESSION OF PORTOPALO.PRICE OF ACQUISITION IN EUR 2.2 MILLION.BUSINESS UNIT ALSO HAS GAS DISTRIBUTION NETWORK IN CITY OF PORTOPALO DI CAPO PASSERO.  Full Article

Hera Signs Binding Agreement To Sell Italgas 100 Pct Of Medea
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - HERA AND ITALGAS ::SIGN BINDING AGREEMENT FOR THE TRANSFER TO ITALGAS OF 100 PERCENT OF MEDEA.MEDEA HAS CONCESSION FOR GAS DISTRIBUTION AND SALE IN CITY OF SASSARI.MEDEA'S OVERALL ENTERPRISE VALUE HAS BEEN SET AT EUR 24.1 MILLION.SAY TRANSACTION IS EXPECTED TO BE CONCLUDED WITHIN THE FIRST FEW MONTHS OF 2018.AT CLOSING OF TRANSACTION, PRICE WILL BE PAID ENTIRELY IN CASH, NET OF DEBT.  Full Article

Italgas Signs With EIB Loan Agreement For Eur 360 Mln
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Italgas ::SIGNS WITH EUROPEAN INVESTMENT BANK LOAN AGREEMENT FOR EUR 360 MILLION TO STRENGTHEN ITS DISTRIBUTION NETWORK.FINANCING WILL HAVE VARIABLE INTEREST RATE AND MATURITY IN 20 YEARS.  Full Article

Italgas Signs Binding Agreement With CPL Concordia For Acquisition Of Seven Gas
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Italgas ::SAYS SIGNED BINDING AGREEMENT WITH CPL CONCORDIA FOR ACQUISITION OF SEVEN GAS CONCESSIONS IN SOUTHERN ITALY.SAYS DEAL VALUE IS EUR 13 MILLION, CLOSURE IS EXPECTED AT MARCH 2018.  Full Article

Italgas buys all of Ichnusa Gas, valued at 26.2 mln euros
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Italgas says: :has bought 100 percent of regional gas operator Ichnusa Gas, which is valued at 26.2 million euros.at closing, amount will be paid entirely in cash, net of debt.completion expected in the first few months of 2018..  Full Article

Italgas acquires 12 concessions in Campania and Basilicata from Amalfitana Gas‍​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - ITALGAS SPA : :ACQUIRES 12 CONCESSIONS IN CAMPANIA AND BASILICATA FROM AMALFITANA GAS‍​.THE AGREEMENT INCLUDES CONCESSIONS, NETWORKS, PLANTS AND STAFF‍​.THE VALUE OF AMALFITANA GAS BRANCH ASSETS (ENTERPRISE VALUE) HAS BEEN SET AT EURO 18.5 MILLION.AT THE CLOSING OF THE TRANSACTION, THE SUM WILL BE PAID ENTIRELY IN CASH ‍​.THE COMPLETION OF THE OPERATION IS EXPECTED BY JANUARY 2018 AND IS SUBJECT TO CERTAIN CONDITIONS PRECEDENT‍​.  Full Article

Italgas CEO hopes to make a couple of acquisitions by year end
Monday, 23 Oct 2017 

Oct 23 (Reuters) - The CEO of Italian gas distributor Italgas, Paolo Gallo, says::hopes to make a couple of acquisitions before year end.  Full Article

Italgas 9-month net profit rises 28 pct to beat forecast
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Italgas says::9-month Ebitda 578 million euros versus 575 million euros in analyst consensus provided by company.9-month net profit rises 27.8 percent to 213 million euros versus 210 million euros in analyst consensus provided by company.sees increase in investments this year from the previous year.  Full Article

Italy - Factors to watch on June 13

The following factors could affect Italian markets on Wednesday.