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Italgas Agrees to Buy 22.5% of Portugal's Floene

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120 million euro deal that fits along the route outlined by the last industrial plan of the group

·Milan, Italy
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Italgas has signed an agreement of 120 million euros for the participation of 22.5% of Floene, the main distributor of gas in Portugal.

·Romania
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Italgas signs a binding agreement with Marubeni and Toho Gas for the acquisition of 22.5% stake in Floene

(Teleborsa) - The Italgas Group has signed a binding agreement with Marubeni Corporation and Toho Gas for the purchase of 100% of Meet Europe Natural Gas, a company that holds 22.5% of the capital of Floene,...

AskanewsAskanews
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Il Quotidiano del SudIl Quotidiano del Sud

Milan, 2 Oct. (askanews) Italgas has signed a binding agreement with the Japanese Marubeni and Toho Gas in order to acquire a participation of 22.5% in Floene, main operator of the distribution of the gas in Portugal. The value of the transaction, in terms of equity value, is about 120 million euros. The agreement previews the purchase of 100% of [...]

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Askanews broke the news on Friday, October 2, 2026.
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