2005 - 2006 - Pinsent Masons Water Yearbook 2012

ITALY PART 3 (ii): COMPANY ANALYSIS: LOCAL/REGIONAL PLAYERS
The contract signed with Ente Acquedotti Siciliana SpA and AMAP involves 90 water treatment plants
in Reggio Calabria, serving 300,000 people and 150 water treatment plants in the province of
Cosenza, serving 500,000 people.
Amga acquired 35% of Atena SpA, the utility company serving Vercelli in January 2003. Atena serves
a total of 100,000 people with water, sewerage, gas, power and waste management services and had
a 2001 turnover of €52 million.
Amga holdings in Italy are as follows:
Company Region Amga’s
Stake %
Million
m 3 pa
Population
Water
Served
Sewerage
Date
gained
Genova
Acque
Genova 80 46.2 495,000 700,000 2000
A Nicolay Genova * 34 11 200,000 0 2000
A de FG Genova * 28 40 110,000 0 2000
IdroTigullio Chiavari 67 3.5 36,000 19,600 1998
AM.TER Cogoleto & Valle Stura 49 2.2 23,000 6,000 1996
AIGA Liguria 49 2.0 25,000 7,500 1996
Mondo
Acque
Mondovi, Piedmont 37 2.4 32,900 13,000 2000
Atena Piedmont 35 5.0 45,000 45,000 2003
ASTI Piedmont 45 7.5 75,000 0 2003
A.C.O.S. Novi Ligure, Piedmont 25 3.0 48,000 15,000 1996
AGAM ATO, Monza,
Lombardy
70 14.4 121,000 120,000 2001
Nuove
Acque
ATO, Arezzo, Tuscany 35 16.6 296,000 105,000 1999
ASPEA ATO, Osimo, Marche 35 2.6 35,000 35,000 2001
ASMT ATO, Tortona 45 3.8 43,000 43,000 2004
ASA ATO, Livorno, Tuscany 40 36.8 358,000 350,000 2004
Acque
Potabili
Turin 67 68.0 950,000 0 2005
* Acquired via Genova Acque. ACEA’s controlling stake in both companies being sold to Amga.
In January 2004, Amga acquired 27% of IdroCons S.r.l., a company working mostly in the Valle
Scrivia area in analysis and monitoring of drinking water, water treatment and waste management.
The main partners in the company are Azienda Consortile Intercomunale Bacino dello Scrivia (43%)
and Idroterra (22%).
Further mergers underway, especially with Turin’s AEM
Amga has a working relationship with a number of other ATOs, where it aims to acquire strategic
stakes. These include the ATOs serving Imperia, Savona, Cueno, (AMAT) and Macerata. Amga will
merge with Turin’s AEM by the end of 2005.
Acquisition of Acque Potabili
Amga acquired the 67.05% stake held by Italgas (ENI) in Condotta di Acque Potabili in March 2005.
Acque Potabili was founded in 1852 for water provision to parts of the city of Turin. The company is
involved purely in water distribution in parts of Alessandria, Aosta, Asti, Cueno, Mantova, Savona,
Turin, Verbania & Novara. There were 291,991 customers (950,000 people) in 2001, an increase of
128,197 over the 2000 figure, due to the transfer of contracts from Italgas. A further 190,000 people
are served indirectly by the company. Water sales in volume terms have been steady in recent years
at 68 million m 3 per annum. Water revenues were €48.6 million in 2003.
ENI was involved in water through the acquisition of Italgas. Its principal subsidiaries are Acque
Potabili, Acquedotto di Savona, Acquedotto Vesuviano, Eniacqua Campania, Metano Arcore and
310 Pinsent Masons Water Yearbook 2005 – 2006