Hera Comm Acquires Gran Sasso

PwC Tax & Legal, with a team of professionals composed of Filippo Zucchinelli, Alvise Becker and Carlo Nicoli Aldini for the legal aspects and Alessandra Cavina for tax matters, assisted Gran Sasso Energie in the transfer of 100% of Gran Sasso S.r.l.’s share capital to Hera Comm.

Gran Sasso S.r.l. is an Italian company operating in the gas and electricity retail sector with around 15,000 final customers for gas and over 3,400 for electricity, mostly located in the areas of L’Aquila, Pescara and Chieti.

In 2015, the company had revenues for 9.7 million Euro by selling 16.5 million cubic meters of gas and 8.5 GWh of electricity.

The acquisition of Gran Sasso S.r.l. by Hera followed those of Fucino Gas, Alento Gas (Francavilla), Julia Servizi (Giulianova) and has allowed Hera to consolidate its presence in the region of Abruzzo, and to provide services to over 60,000 customers, in addition to the already-existing 155,000 clients in the region of Marche.

PwC Tax and Legal Services is one of the most reputable firms in Italy operating in the field of legal and tax services, with offices in 12 cities over the Italian territory (the main offices being in Milan and Rome) and approximately 700 professionals.

PwC Tax and Legal Services is part of the PricewaterouseCoopers global network.