Half-yearly financial Report at June 30, 2013 - A2A

Half-yearly financial report at June 30, 2013Significant events for the Group after June 30, 2013optimization of the A2A Group’s environmental hub, which currently consists of fourcompanies (Amsa S.p.A., Aprica S.p.A., Ecodeco S.r.l. and Partenope Ambiente S.p.A.), thusachieving economies of scale by capitalizing on the integration of across the board activitiesand improving the planning of waste flows.On completion of the operation A2A Ambiente S.r.l., wholly owned by the parent A2A S.p.A.,will have a total EBITDA of over 250 million euro and will be able to count on the collaborationof around 600 employees (over 4,000 including those working in the subsidiaries).A2A Ambiente S.r.l. will be able to grow further in a market that is undergoing considerableevolution; in fact with approximately 50% of its waste disposed of in landfills, there is a verylarge gap in terms of plants between Italy and the main European countries. Abroad, thecompany will be able to continue taking advantage of its know-how both in the markets whereit already has a presence (United Kingdom, Spain, Greece) and in new geographical areas.Issue carried out on the European bond market for a total of 500 millioneuro and an offer is made for the repurchase of the bonds redeemablein 2014 and 201629On July 3, 2013, A2A S.p.A. issued bonds of 500 million euro on the European market having aterm of seven and a half years as part of the Euro Medium Term Notes Program of 2 billion euroapproved by the Management Board on September 19, 2012. The issue was addressed exclusivelyto institutional investors.The newly-issued bonds will be governed by English law and from July 10, 2013 will be tradedon the Luxembourg stock exchange.Consistent with the Group’s financial strategy, which is aimed at extending the average debt termand optimizing the timing of the due dates, A2A S.p.A. made an offer for the partial repurchase ofbonds redeemable in 2014 and 2016, being of amounts of 500 and 1,000 million euro respectively.On July 9, 2013 A2A S.p.A. announced the final results and the pricing of the partial repurchaseoffer addressed to the holders of bonds falling due in 2014 and 2016.As stated in the Tender Offer Memorandum, the repurchase price for the bonds falling due in2014 and 2016 was 103.8% and 107% respectively.A2A S.p.A. sells five small hydroelectric and flowing water plantsOn July 5, 2013 A2A S.p.A. completed the sale to the Swiss group BKW of the wholly ownedcompany Chi.Na.Co S.r.l., to which A2A S.p.A. had contributed five small hydroelectric andflowing water plants having installed power of approximately 8 MW.