Plenitude completes the acquisition of Acea Energia

10 Apr Plenitude completes the acquisition of Acea Energia

(Oilandgaspress) -– Plenitude and ACEA announce the completion of Plenitude’s acquisition of 100% of the share capital of Acea Energia S.p.A. and 50% of the share capital of Umbria Energy S.p.A.

Plenitude will gain approximately 1.2 million customers as part of the deal, which was approved by the regulatory authorities. Vulnerable electricity customers are excluded from the scope of the deal and will continue to be managed within the ACEA Group.

The total consideration paid for the acquisition is approximately €500 million, taking into account an Enterprise Value of €448 million (updated to reflect the new perimeter of the transaction), net cash normalized as of 31 December 2024 (the “locked box date”) and other adjustments relating to the ticking fee and any leakages incurred, including the dividend distributed to ACEA of approximately €82 million. An additional potential price component of up to €100 million will be granted to ACEA based on operating performance to be assessed as of 30 June 2027.

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