ERG : Reorganisation of ownership structure wipes out speculation in the short term
>A change to the ownership structure and dilution of the family stake - San Quirico, the Garrone-Mondini family’s holding company (ERG's leading shareholder at 62.5%), and IFM Investors have announced that they have agreed to form a long-term strategic partnership to strengthen ERG’s leadership position in the renewable energy sector. With this agreement, IFM Investors is to acquire an initial stake of 35% in the new holding entity that is to be created and will own, ...ERG is engaged in the generation of energy from renewable sources and from thermoelectric plants, in the marketing of electricity, steam and gas, in the refining, marketing and distribution of petroleum products both in Italy and abroad. Co., also through its own subsidiaries and joint ventures with primary international operators, operates in the following segments: renewable energy sources, under which Co. operates through its ERG Renew S.p.A. subsidiary in the wind power generation business; power and gas, which includes the production and marketing of electric energy, steam and gas; and refining and marketing, which includes the results of Coastal Refining and Integrated Downstream.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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