(Alliance News) - Italgas Spa announced Wednesday that it has finalized the acquisition of 47.9 percent of Acqua Campania from Veolia.

With this transaction, the blue chip gas company has risen to 96.2 percent of Acqua Campania, operator of the western Campania aqueduct under concession from the Campania Region. The company carries out capture, potabilization, adduction and transportation of drinking water destined for water distribution soceities, for a catchment area of about four million inhabitants.

Italgas shares closed Wednesday down 0.6 percent at EUR5.16 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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