Non-binding MoU signed for the acquisition of the FS Group HV electricity grids


On December 30, 2014, Terna signed a non-binding Memorandum of Understanding with Ferrovie dello Stato Italiane (FS), RFI – Rete Ferroviaria Italiana (RFI) and S.EL.F. – Società Elettrica Ferroviaria (SELF), all FS Group companies, for launching a process to evaluate the potential acquisition by Terna of the High and Extra-High Voltage electricity transmission grids currently owned by the FS Group.
In particular, the Memorandum of Understanding provides for a due diligence to be conducted on the scope of acquisition that will be identified. If the outcome of the due diligence is positive, the Parties will begin negotiations aimed at defining the terms of the transaction, which could be completed by the summer of 2015.

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