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You are in: H1 2009 Directors' Report » Corporate Events and Group Structure

Corporate events and Group structure

The first half of 2009 was characterized by continued rationalization of the Group's structure, which led to the sale or liquidation of 3 investee companies, equity investment in 2 companies and 1 contribution in kind.

In 2008, the continued rationalization of the Group's corporate structure already led to the disposal or liquidation of 6 investee companies, the deletion from the Register of Companies of 6 companies in liquidation, and the merger by incorporation of Ambiente 3000 Srl into Frullo Energia Ambiente Srl.

The main mergers and acquisitions that took place during the year are listed below:

Hera Energie Rinnovabili Spa

On 1 January 2009, the transfer of two business branches for the production of electricity from renewable sources from Hera Spa to Hera Energie Rinnovabili Spa became effective. The latter company operates in the field of development, realization and operation of electric power plants from renewable sources and similar.

By means of this transaction, the share capital went from Euro 120,000 to Euro 1,832,000.

Famula on-line Spa

On 15 January 2009, Hera Spa acquired from Engineering Spa 40% of the share capital of Famula on-line Spa, a company operating in organization, planning, production, marketing and consulting in the field of data processing and telematics.

By means of this transaction, Hera Spa became the sole shareholder of Famula on-line Spa.

Pri.ge.a.s. Srl

On 8 May 2009 Hera Spa acquired from the City of Prignano sulla Secchia 51% of the share capital of Pri.ge.a.s. Srl, a company operating in the field of gas distribution and management of the entire cycle of energy resources, primarily in the territory of the City of Prignano sulla Secchia.

By means of this transaction, Hera Spa became the sole shareholder of Pri.ge.a.s. Srl.

Ecosfera Spa

On 3 June 2009, Hera Spa transferred to its subsidiary Akron Spa 100% of the share capital of Ecosfera Spa, a company established to collect and dispose of industrial and civil waste, including managing plants for the storage, treatment, disposal and incineration of wastes.

 
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