(Alliance News) - Terna Spa announced Thursday that it has signed an agreement to acquire 100 percent of the capital of Edyna Transmission Srl, an Alperia Group company dedicated to the transmission sector, which owns 34 km of high-voltage power lines and two power stations in South Tyrol.

The assets are already part of the national electricity transmission grid and were taken over by Terna for a total value of about EUR14 million. The deal is subject to the fulfillment of certain conditions precedent.

The deal is part of the group's strategy led by Stefano Donnarumma to unify the national electricity transmission infrastructure, "consolidating portions of the high-voltage grid in the hands of local utilities, with the aim of further increasing the efficiency and reliability of the grid," the company explained.

Terna's stock is down 1.3 percent at EUR7.14 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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