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Italgas S.p.A. (IG.MI)
| Previous close | 4.8200 |
| Open | 4.8200 |
| Bid | 4.7680 x 0 |
| Ask | 4.7720 x 0 |
| Day's range | 4.7480 - 4.8500 |
| 52-week range | 4.6840 - 5.4650 |
| Volume | |
| Avg. volume | 2,969,655 |
| Market cap | 3.876B |
| Beta (5Y monthly) | 0.58 |
| PE ratio (TTM) | 8.81 |
| EPS (TTM) | 0.5400 |
| Earnings date | 24 Jul 2024 |
| Forward dividend & yield | 0.35 (7.30%) |
| Ex-dividend date | 20 May 2024 |
| 1y target est | 5.80 |
- Reuters
Italgas' main shareholder ready to support acquisition of rival
Cdp Reti, the main shareholder of Italian gas distributor Italgas, is in favour of the possible acquisition of smaller rival 2i Rete Gas and is "willing to evaluate forms of support" for the deal, it said in a statement. Italgas said on Monday it had started exclusive talks to buy 100% of 2i Rete Gas, a step that would consolidate Italy's gas distribution market. "Considering the strategic role of the infrastructure and energy sectors," Cdp Reti looks "favorably on the possibility of the transaction, ... recognizing the potential industrial value," the state-controlled holding company said.
ReutersItalgas begins exclusive talks to buy 2i Rete Gas
MILAN (Reuters) -Italgas, Europe's biggest gas distributor, said on Monday that it started exclusive talks to acquire smaller rival 2i Rete Gas. A merger between the two would be a major step in the consolidation of the gas distribution market in Italy with 2i Rete gas adding a 20% market share to Italgas' 35%, according to analyst calculations. 2i Rete Gas, which is Italy's second-largest distributor for the fuel, said in February it wanted to list on the Milan bourse, but in March media speculation emerged about an approach by Italgas valuing the rival at 4 billion to 5 billion euros ($4.3 billion to $5.4 billion).
ReutersItalgas ups dividend after rise in 2023 core earnings
Europe's biggest gas distributor Italgas said on Tuesday it would increase its dividend on 2023 results by 11% after its adjusted core earnings for last year met its forecast. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) came in 1.184 billion euros ($1.29 billion) last year, up more than 9% on 2022 mainly driven by growth of non-regulated businesses. Net financial debt came in at 6.9 billion euros at the end of December, up from 6.5 billion euros at the end of 2022.
