Press Release

Rome, 31 May 2017 – Acea announced a number of transactions on 22 November 2016. These included signature of a preliminary agreement for the acquisition, from the Veolia Group, of 100% of Idrolatina, which in turn holds a 49% interest in Acqualatina1, for a price of €22m. The remaining 51% of Acqualatina is owned by municipalities in the ATO4 – Southern Lazio concession area.

As noted in the release dated 22 November, the preliminary agreement entered into by Acea in respect of the above acquisition was subject to a number of Conditions Precedent, including approval by the Conference of Mayors representing the ATO4 – “Southern Lazio – Latina” concession area. In determination 5 of April 11, the Mayors have refused to grant such approval, as required by art. 29 of the Agreement awarding the related Integrated Water Service concession.

As a result, the deadline for fulfilment of the Conditions Precedent in the preliminary agreement expired on 30 May, and the agreement is thus automatically terminated and ceases to be effective.

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Acea remains committed to growing its business by promoting dialogue with local communities, as usual in accordance with the related regulations.