Eni: buys Spain's Aldro Energia to expand in Europe

(CercleFinance.com) - Italy's Eni is entering the Iberian energy market through the acquisition of Aldro Energia, a provider of electricity, gas and energy services to residential customers and businesses in Spain and Portugal.


Based in Torrelavega, in the northern Spanish region of Cantabria, Aldro Energia currently provides energy to 250,000 customers, with an important focus on the SME segment.

The deal enables Eni - which already operates in France, Greece and Slovenia - to expand its presence in the European market.

The company aims to increase its portfolio, reaching 11 million customers in 2023 to offer both gas and electricity as well as the entire range of services relating to home and energy, it said.

The terms of the deal were not disclosed.

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