ZMB GmbH, a unit of Russia's OAO Gapzrom (GAZP.RS), has acquired Tuesday a 50% stake in A2A Beta SpA through a capital increase.
A2A Beta is controlled by A2A Alfa, in which Italian utility A2A SpA (A2A.MI) has a 70% holding and Iride SpA (IRD.MI) holds the remaining 30%.
In a joint filing to the Italian stock exchange, the companies said the acquisition seals the completion of a gas supply agreement between Gazprom and Italian utilities A2A and Iride for the sale of natural gas in the Italian market.