Acsm-Agam S.p.A. (BIT:ACS) agreed to acquire contractual relations in the province of Varese of A2A Energia S.r.l. for €23.9 million on January 23, 2018. Under the terms, Acsm-Agam will issue its 9.82 million shares as a part of consideration. In a related transaction, Acsm-Agam S.p.A. agreed to acquire ASPEM S.p.A., Acel Service S.r.l., A2A Idro4 S.r.l., AEVV S.p.A. and AEVV Energie S.r.l. The transaction is subject to approval of the shareholders of Acsm-Agam, A2A, full subscription by the Municipalities of Como, Monza, Sondrio and Varese of the contractual documents, approval of Italian Competition Authority and issuing of the positive opinion of the independent expert on the exchange ratio. The transaction was approved by Boards of both, Acsm-Agam and A2A Energia. PwC, Banca IMI and Lazard acted as financial advisors to ACSM-AGAM. PwC TLS Avvocati e Commercialisti, Bonelli Ered and Gatti, Pavesi, Bianchi acted as legal advisors to ACSM-AGAM. PwC acted as financial advisor while PwC TLS Avvocati e Commercialisti acted as legal advisor for A2A. Gianni, Origoni, Grippo, Cappelli, & Partners acted as legal advisor to A2A. Mediobanca acted as financial advisor to A2A. Acsm-Agam S.p.A. (BIT:ACS) cancelled the acquisition of contractual relations in the province of Varese of A2A Energia S.r.l. on January 23, 2019.