Eni Subsidiary Acquires Spain's Aldro Energia
By Giulia Petroni
Eni SpA said Monday that its subsidiary Eni Gas E Luce SpA has
acquired Spanish utility Aldro Energia y Soluciones SLU from Grupo
Pitma for an undisclosed sum.
Aldro Energia currently provides energy to 250,000 customers
mainly in Spain and Portugal, focusing on small- and medium-sized
enterprises, according to the Italian oil-and-gas major.
The acquisition will allow Eni to expand its presence in the
European market and is in line with the aim to expand its
portfolio, reaching 11 million customers by 2023, the company
The deal is subject to the authorization of relevant
Write to Giulia Petroni at email@example.com
(END) Dow Jones Newswires
January 25, 2021 06:10 ET (11:10 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.