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San Donato Milanese (MI), 13 March 2013 - Ascopiave S.p.A. and Eni S.p.A. have signed a Letter of Intent in which they have identified the principles of a partnership for the joint development of gas and electricity sales activities for residential and small and medium-sized enterprise customers. The area of interest will be the Triveneto region (northern Italy) with the option to include other areas.
The companies will share their experience, so the partnership will be able to improve the quality of the products and customer service, thereby increasing competitive capacity and achieving high levels of management efficiency.
The Ascopiave Group, a division of parent company Ascopiave S.p.A., is active in the distribution and sales of natural gas to end customers. It is the main supplier in northeast Italy.
Its natural gas sales are managed through various companies. Some are subsidiary companies (controlled via majority shareholding) and some are associated companies (controlled with 49% and 51% shareholding) over which the Group has joint control with other partners.
In total, the subsidiary and its associated companies supply about 850,000 end customers.
The Letter of intent outlines the programme Ascopiave and Eni will enter together with the aim of perfecting the project, including the establishment of one or more special purpose entities, into which the parties’ respective shares in sales companies in northeast Italy and other marketing assets can be merged.
The full scope of the project is scheduled to be outlined during the second half of 2013.
Note
For reference, Ascopiave holds 49% of the shares of Società Estenergy, which operates in the area of Padua and Trieste. In the Triveneto area, Eni holds 70% of the shares of the Società Est Più (Gorizia).
Freephone for shareholders (from Italy): 800940924
Freephone for shareholders (from abroad): + 80011223456
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.
By using this service, the users acknowledge that they have read and accepted the terms and conditions of use.
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