Eni gas and electricity enters the Iberian market: agreement signed for the acquisition of 100% of Aldro Energía

Eni gas e luce, a company wholly owned by Eni SpA, enters the Iberian energy market through the acquisition of Aldro Energía.

The transaction was completed today with the signing of an agreement between Eni gas e luce and Grupo Pitma for the acquisition of 100% of Aldro Energía Y Soluciones SLU, active in the market for the sale of electricity, gas and services to residential customers , small and medium-sized enterprises and large companies. The agreement also provides for the acquisition of 100% of the service company Instalaciones Martìnez Dìaz SLU

“This operation allows Eni gas and light to expand its presence in the European market, which will be central to the development strategy of its activities. In fact, the company has the objective of increasing its portfolio, reaching 11 million customers by 2023 to whom it can offer not only gas and electricity, but its entire range of services related to home and energy "said Alberto Chiarini , Chief Executive Officer of Eni gas and electricity.

Aldro Energía, headquartered in Torrelavega in the northern Spanish region of Cantabria, currently has approximately 250.000 customers mainly in Spain and Portugal with an important focus on the small and medium-sized business segment.

Eni gas and light wants to actively contribute to Aldro Energía's business expansion by also bringing its expertise in the energy requalification sectors, promoting a better use of energy through services for the energy efficiency of condominiums and homes, photovoltaics and electric mobility.

Thanks to important partnerships and strategic acquisitions, Eni gas e luce offers its customers a wide range of products and services for energy efficiency that go beyond the supply of gas and electricity, with the aim of providing highly professional and sustainable solutions. to concretely contribute to the energy transition underway.

The entry into Spain and Portugal therefore adds an important step to Eni's current presence in gas and electricity in Europe. In addition to the Iberian Peninsula, the company operates, through its subsidiaries, in France with Eni Gas & Power France, in Greece with Zenith and in Slovenia with Adriaplin.

The transaction will be completed upon receipt of the authorizations from the competent authorities.

Eni gas and electricity enters the Iberian market: agreement signed for the acquisition of 100% of Aldro Energía

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