Italy's 2i Rete Gas posts 24% core profit rise in first half
MILAN, Sept 25 (Reuters) -Italy's gas distributor 2i Rete Gas said on Wednesday its adjusted core profit rose 24% in the first half of the year to 305 million euros ($341 million).
The net debt stood at 3.3 billion euros at the end of June.
Italy's biggest gas distributor Italgas IG.MI is in exclusive talks to buy 2i Rete Gas, which is majority owned by infrastructure fund F2i.
Speaking with analysts in May, Italgas CEO Paolo Gallo said the group could not provide go into details about the bid, but added that the regulatory asset base (RAB) for 2i Rete Gas was estimated at 4.9 billion euros last year.
($1 = 0.8950 euros)
Reporting by Elisa Anzolin; editing by Francesca Landini
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