MILAN (Thomson Financial) - Iride SpA chairman Roberto Bazzano said it is
unlikely that Rome-based Acea SpA will be part of the plans for a tie-up between
Iride, Hera SpA and Enia SpA.
"A four-way tie up is a bit difficult ... it now looks like we can reduce
the number of participants without any traumatic consequences," Bazzano said on
the sidelines of the Iride 2008-2012 business plan presentation.
"It is unlikely that Acea will take part at the next meeting," he said.
Earlier, Iride CEO Roberto Garbati said a meeting between Iride, Hera, Enia
and, probably, Acea will take place soon to discuss plans to consolidate.
Sources have told Thomson Financial News that Acea is more interested in
pursuing closer ties with its current partner Suez, in light of the French
group's imminent merger with Gaz de France.
stephen.jewkes@thomsonreuters.com
sj/cmr
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