Tuesday, January 18, 2011

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Hera: a hoard of 1.1 billion euro

MILAN (AFX) - Ben € 1.1 billion available for M & A initiatives
E 'the amount available for Hera according to the calculations of Unicredit analysts
elaborate on the numbers of the utility of Bologna.

to this result, we read in an article in Milano Finanza,
joints are putting together some elements: the proceeds from the sale of 25% of
Herambiente (125 mln euro) and built on the issuance of a bond
Convertible (140 mln), the possible participation in a joint venture
that could be financed with a debt / equity
near one. Consider that already 'in his three-year business plan
Hera has already' earmarked investments of 1.02 billion (compared Acea
will put 'in play
1.3 billion for more than 70% concentrated in the activities' regulated
water and electricity distribution and Iren more than 2.4 billion
also intended to external growth).

http://www.milanofinanza.it/news/dettaglio_news.asp?id=201101170938081143&chkAgenzie=PMFNW

But how could it be used this trove of 1.1 billion? And hypothesis' that covers the investment to build facilities for 8-10 waste treatment. Or to support the expansion in the gas distribution sector.

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