The proposal of the contract for buying out A2A, which the Assembly will discuss on Friday, implies that over 120 million euros will be paid to the Italians by July 31 and another 110 million euros by the half of next year, totaling 230 million euros. Of this amount, based on the Govt’s proposal, EPCG will buy almost 29 million shares for 121.6 million, and the state 26 million shares for 109 million euros.
According to the proposed contract, the state will pay 68.9 million Italians by May 16th, while EPCG will pay 51.65 million by July 31st, which is over 120 million this year, writes Dan daily.
The contract stipulates that dividends will be paid by 10 July. Undeclared profit amounts to almost 52 million euros, of which A2A has 21 million, and the state 31 million.
If the state fails to pay any of the installments, the default interest will be calculated at an annual rate of 6.25 percent.
