HERA AND ENEL TODAY SIGNED THE CONTRACT FOR THE TRANSFER OF THE POWER GRID OF 18 MUNICIPALITIES IN THE PROVINCE OF MODENA

  • Enel transfers 80,000 clients
  • Countervalue of the transaction: 107.5 million euro


Bologna, 27 June 2006 – HERA and Enel today signed the definitive contract for HERA’s acquisition of Enel’s power distribution grid of 18 Municipalities in the Province of Modena, for a total payment of 107.5 million euro.

The acquisition was effected by HERA in execution of the preliminary agreement signed on March 13 2006, the suspensive conditions of which having been verified in the intervening period, and will be effective from the end of June onwards.

The assets covered by the transfer comprise over 3,700 kilometres of grid, with 42 operators, which serves about 80,000 clients in the municipalities of Castelnuovo Rangone, Fanano, Fiumalbo, Guiglia, Lama Mocogno, Marano sul Panaro, Montecreto, Montese, Pavullo nel Frignano, Pievepelago, Polinago, Riolunato, San Cesario sul Panaro, Savignano sul Panaro, Sestola, Spilamberto, Vignola and Zocca.

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For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”). 
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.