A2A: Mayor Varese, and our intention to ‘go back to 0.75% Capital – BBC

12:14 VARESE (Dow Jones) – The town of Varese, which has a share of just over 0.5% in the capital of A2A, could return to buy shares of the multi-utility Lombard. “Although it is subject to the success of some operations that we are carrying out”, has explained the mayor of Varese, Attilio Fontana, “the objective perspective and ‘to return to the 0.75% that we had initially. This year we sold actions to finance these projects, while last year we had to do to comply with the unfortunate Stability Pact ”. The latter has polemized the mayor speaking on the sidelines of the inauguration of the first solar thermal plant for district heating in southern Europe, owned ‘A2A, “he forced us to deposit into the coffers of Rome € 30 million, money that would have could be used to deliver more services, repair roads and so on “. “If we get the chance ‘, in the future buy back shares of A2A”, reiterated Fontana, “because’ we are convinced of the goodness’ of the company.” At the current prices, Varese should invest about EUR 8.4 million to repurchase 0.25% of the multi-utility. ofb / cas (end) AFX NEWS 1912: May 14, 2015