Milan, 29 December 2016 – On December 30, 2016 A2A S.p.A. will underwrite a deed of contribution transferring the business related to Monfalcone power plant to A2A Energiefuture S.p.A.. The contribution will be effective December 31, 2016.
The transaction falls within the process initiated in 2016 for the corporate reorganization of the thermoelectric business, aimed to concentrate similar types of assets in specific companies. Monfalcone business will be transferred to A2A Energiefuture S.p.A. (a wholly owned subsidiary of A2A S.p.A.), which is the special-purpose company dedicated to industrial transformation projects related not only to Monfalcone, but to the power plants of Brindisi and San Filippo del Mela, as well.
The transfer is to be effected at the fair value as determined by an appraisal prepared by an independent third party. The transaction entails a write-down for A2A S.p.A., with an economic effect amounting to 145,1 million euro, net of the tax.