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RSI Utility

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History

The group was founded at the close of 2002 following one of the most significant business combination operations ever conducted in Italy within the public utilities sector.
After its establishment, deriving from the merger of 11 local public service concerns, the company was partly privatized via the placing of 44.5% of the share capital on the Milan stock exchange (Borsa di Milano).
The shared aggregation process which led to the formation of Hera has continued over time through various operations concentrated on companies in the energy, water and waste management sectors, operating in geographical areas bordering the areas managed.
The most recent transactions are: the 2007 merger between Megas of Urbino and Aspes Multiservizi of Pesaro which gave rise to a new company, Marche Multiservizi, of which the Hera Group holds 40.6%; the merger was effective as of 1 January 2008. The merger of SAT S.p.A. into Hera S.p.A. approved in 2007, which became effective as at 1 January 2008. Corporate events in 2011 include the merger by incorporation of Sadori Gas into Hera Comm Marche, a Hera Comm subsidiary, of which Hera Comm holds 57%.