Rome utility ready for the market

Article Abstract:

Azienda Communale Energia e Ambiente (ACEA), the electricity and water utility for Rome, Italy, is set to become a joint stock corporation. It will probably begin operating on this basis at the beginning of 1997. The change in status will give ACEA greater opportunities for agreements, share exchanges and joint ventures with other Italian and foreign concerns, and will lead to improved efficiency and service levels.

Water Supply and Irrigation Systems, Water supply, Water Utilities, Electric Utilities, Municipal & Regional, Planning, Municipal electric utilities, Azienda Communale Energia e Ambiente

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Bright start to Italian electricity sales

Article Abstract:

The privatisation of a 49% share in electricity and gas utility AEM of Milan, Italy has been significantly oversubscribed. The Institutional section was 22.5 times subscribed, with investors from New York, London, and Frankfurt applying heavily; while the public sector was 4.9 times subscribed. The offering is expected to have raised 1.5 trillion Lire.

Electric Utilities, Italy, Securities, Privatization, Privatization (Business), AEM Inc.

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