Iren Completes Acquisition of Remaining Egea Holding Stake
Deal News | Apr 02, 2025 | Legal Community Italy
Iren S.p.A. has successfully exercised a call option to acquire the remaining 47.23% stake in Egea Holding S.p.A., thus achieving full ownership. This follows a prior acquisition completed in August 2024, which included a capital increase made in January 2025 that brought Iren's stake in the company to 52.77%. The completion of this strategic acquisition consolidates Iren's presence and control over the company. PedersoliGattai, led by partner Sebastiano Cassani, provided legal assistance to Iren in this transaction.
Sectors
- Utilities
- Legal Services
Geography
- Italy – Both Iren S.p.A. and Egea Holding S.p.A. are Italian companies, and the transaction is taking place within Italy.
Industry
- Utilities – Iren S.p.A. operates in the utilities sector, providing public services including energy, water, and waste management.
- Legal Services – PedersoliGattai is providing legal advisory services to Iren S.p.A. in the acquisition process.
Financials
- 52.77% – Initial stake of Iren S.p.A. in Egea Holding S.p.A., achieved after the capital increase in January 2025.
- 47.23% – Remaining stake in Egea Holding S.p.A. acquired by Iren S.p.A.
- 100% – Total ownership stake of Iren S.p.A. in Egea Holding S.p.A. after completing the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Iren S.p.A. | Bidding Company | Company | Iren S.p.A. is a multi-utility company operating in Italy, involved in the generation, distribution, and sale of electricity, gas, and heat. |
| Egea Holding S.p.A. | Target Company | Company | Egea Holding S.p.A. is a holding company that had previously consolidated operational branches of EGEA S.p.A. and its subsidiaries. |
| MidCo 2024 S.r.l. | Selling Company | Company | MidCo 2024 S.r.l. held a 47.23% stake in Egea Holding S.p.A. that has been sold to Iren S.p.A. |
| PedersoliGattai | Legal Advisor | Company | PedersoliGattai is a law firm advising Iren S.p.A. on the acquisition of Egea Holding S.p.A. |
| Sebastiano Cassani | Partner | Person | Lead partner at PedersoliGattai overseeing the legal advice for the transaction. |
| Enrico Candotti | Counsel | Person | Counsel at PedersoliGattai involved in advising Iren S.p.A. on this acquisition. |
| Nicola Petito | Senior Associate | Person | Senior associate at PedersoliGattai supporting the legal advisory on the transaction. |