Italy's Regulatory Authority Conditionally Approves Plenitude's Acquisition of Acea Assets

LootboxPhobia · 2026-03-17T07:45:25+00:00

The Italian Competition Authority approved energy group Eni's low-carbon business division Plenitude's acquisition of partial assets from ACEA, but required it to take measures to mitigate the impact on market competition. The transaction is valued at 587 million euros and will strengthen Plenitude's customer base in Italy.

LootboxPhobia

2026-03-17 07:45:25

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Investing.com – Italy’s Competition Authority conditionally approved on Monday the acquisition of some assets of the regional utility company ACEA by Plenitude, the low-carbon business unit of energy group Eni.

According to the deal announced in December last year, valued at €587 million, Plenitude will acquire 100% of Acea Energia and 50% of its subsidiary Umbria Energy.

The competition regulator stated that the transaction would significantly restrict competition in the natural gas and electricity retail markets in the Rome area, as well as in the electric vehicle charging infrastructure market in Umbria.

The authority ruled that the deal can proceed as long as the remedies proposed by Plenitude are fully implemented. These remedies include safeguarding retail customers in the Rome area and selling some charging stations in Umbria.

In December last year, Eni said the acquisition was expected to be completed in June, increasing Plenitude’s retail customer base in Italy by over 1.4 million, bringing its total customers in Europe to more than 11 million.

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