Italgas expects M&A deal by year-end

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Italy’s biggest gas distributor Italgas expects to make an acquisition by the end of this year or in the first quarter of 2020, says chief executive Paolo Gallo. The chief executive did not give any further details of the deal.

Speaking to analysts on a third-quarter results call, Gallo says that the company would have its offer ready for a tender bid to run a gas distribution concession in the northern city of Turin by early December.

He says that the company would also have a bid ready for a concession in Naples by early February when the tender process is expected to begin.

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