Iren Completes Full Acquisition of Iren Acqua
Deal News | Feb 20, 2025 | Legal Community Italy
Italian utility company Iren, through its subsidiary Ireti, has acquired the remaining 40% of the capital in Iren Acqua from F2i SGR, achieving full ownership. Iren Acqua manages the integrated water service across 39 municipalities with a population exceeding 750,000 in the Genova area. The acquisition was facilitated by the legal firm PedersoliGattai, whose team managed the corporate aspects of the transaction, alongside Iren's in-house legal team. Iren previously owned 60% of Iren Acqua, and this deal consolidates its control, strategically enhancing its operational footprint in the water management sector.
Sectors
- Utilities
- Legal Services
Geography
- Italy – The transaction took place within Italy, involving Italian companies and affecting the water service provision in the Genova area.
Industry
- Utilities – Iren operates within the utilities sector, providing essential services such as water management, highlighted by their acquisition of Iren Acqua.
- Legal Services – PedersoliGattai, a prominent legal firm, played a crucial advisory role in the acquisition process.
Financials
- 40% – The percentage of Iren Acqua's share capital acquired by Iren from F2i SGR.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Iren | Target | Company | An Italian utility company acquiring full ownership of its subsidiary, Iren Acqua. |
| Ireti | Buying Company | Company | A subsidiary of Iren, directly completing the acquisition of Iren Acqua. |
| F2i SGR | Selling Company | Company | An Italian asset management company selling its 40% stake in Iren Acqua. |
| PedersoliGattai | Legal Advisor | Company | The legal firm advising Iren on the acquisition, handling corporate law aspects. |
| Alessandro Dolce | Partner, Legal Advisor | Person | Led the team at PedersoliGattai managing the corporate aspects of the acquisition. |
| Massimiliano Abramo | In-House Legal Director | Person | Part of Iren's in-house legal team contributing to the acquisition. |