The Group

The Company originated from the «Consorzio obbligatorio fra i Comuni del Bacino Imbrifero del Fiume Piave» (a collective consortium including the majority of the municipalities overlooking the river Piave, in North East Italy) established in 1956 with the aim to collect all the leases due by hydroelectric companies which taking advantage of the stream of Piave river to product electricity, and employing that amount in order to develop the natural gas pipes network. Through the years the pipes network was increased from the initial 34 Consortiated municipalities to other 58 bordering municipalities, which stipulated specific agreements with Consorzio B.I.M. Piave. In 1996 the Consorzio B.I.M Piave sold his businesses to a new company called A.S.CO. Piave (Azienda Speciale Consorziale Piave) that, in December 2001, after the merging of Consortiated municipalities with Agreeded municipalities, turned into a Limited Company (Società per Azioni) and so getting his actual business name Ascopiave S.p.A..   The Ascopiave Group is one of the main national operators in the natural gas distribution sector, managing the service in 301 municipalities in Northern Italy, through a network of over 14,700 km with approximately 870,000 users. The Group is also active in the renewable energy and integrated water service sector and holds minority shareholdings in companies operating in the marketing of energy and public services. In the renewable energy sector, the Group manages 29 hydroelectric and wind plants in production, with a nominal power of 84.1 MW. The Group also holds minority stakes in companies active in energy marketing (EstEnergy S.p.A. and Hera Comm S.p.A.), in the utilities sector (Acinque S.p.A.) and in information and communication technology (Acantho S.p.A.). Ascopiave has been listed on the Euronext Star Milan segment of Borsa Italiana since 12 December 2006.