IFLR1000

Terna €757 million acquisition of Ferrovie dello Stato’s high-voltage electricity grid

9/12/2015
Public acquisition
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€ 757 million

$ 810.443 million

Completed

9/12/2015

Overview:

  • Terna has acquired the high-voltage electricity grid (Società Elettrica Ferroviaria - SELF) of the Italian state railway operator Ferrovie dello Stato for €757 million.
  • The deal means that Terna now controls over 72,000 km of electricity grid.
  • The transaction includes 8,379 km of power lines and 350 substations.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Public acquisition

Practice area:

M&A

Industry sectors:

Energy
Transport

Firms:
Gianni & Origoni

Party: Ferrovie dello Stato Italiane (Seller)

Lawyers: Francesco Gianni, Gabriella Covino

Grimaldi Alliance

Party: Terna (Acquirer)

Lawyer: Giorgio Gallenzi

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