ACEA S.p.A. (BIT:ACE) signed a preliminary agreement to acquire additional 19.2% in GEAL SpA from Veolia Environnement S.A. (ENXTPA:VIE) for €2 million on November 22, 2016. In related deals, ACEA S.p.A. will also acquire Idrolatina, Severn Trent Italia Spa and 80% of Iseco on November 22, 2016. Completion of the transaction is subject to the usual conditions precedent. BNPP SA (Italy branch) acted as financial advisor for ACEA S.p.A. BNP Paribas Corporate Finance acted as financial advisor to ACEA S.p.A.

ACEA S.p.A. (BIT:ACE) completed the acquisition of additional 19.2% in GEAL SpA from Veolia Environnement S.A. (ENXTPA:VIE) on February 8, 2017.