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IT

A2A sells 49 percent stake in E-utile to Atos

Friday 24 February 2012 | 14:22 CET | News
Italian multi-utility company A2A has sold its 49 percent shareholding in E-utile to IT services company Atos. A2A received around EUR 10.3 million in cash for the operation, realising a consolidated capital gain of over EUR 8 million. E-utile's value, taking into account its financial debt, amounts to approximately EUR 30 million. Atos recently acquired the remaining 51 percent of e-Utile from Siemens IT Solutions and Services. Founded in 2002 as a joint venture between AEM Milano and Siemens, Milan-based E-utile supplies IT services to both the companies of the A2A Group and the free

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Categories: IT
Companies: Atos
Countries: Italy
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