Acea is one of the most important Italian multi-utility groups, with a centenary industrial development path focused on the general economic service network. The company started its activity in the territory of Rome, where it keeps a significant presence in the energy and water sectors, then expanding its operations all over the country, thanks to shareholdings and to other local public service businesses.
The Group rooted its attitude to the principles of its corporate social responsibility and sustainability, towards each of its operative sectors: energy supply chain (production, distribution and sale of electricity and gas, public lighting management, energy efficiency), integrated water service (catchment, distribution, wastewater collection and treatment) and environmental services (waste treatment, economic and energy enhancement of waste).
Today Acea Group is the leading company, on a domestic level, in the water sector for serviced inhabitants, the third in Italy both for volume of electricity distribution and for volume of final energy sales and the fifth for volume of waste treated on a national level.
The history of Acea
CHART N.2 - ACEA GROUP CORE ACTIVITIES
Acea SpA is listed in the Electronic Stock Market (Mercato Telematico Azionario), organised and managed by the Italian Stock Exchange. The Municipality of Rome is its largest shareholder, owning 51% of share capital. The framework as of 31.12.2013, was as follows, other major, direct or indirect, stakes in the share capital belong to Gruppo Caltagirone (16.3%), to Suez Environnement Company SA (Ondeo Italia SpA) (8.3%), to GDF Suez SA (GDF Suez Energia Italia SpA) (5.0%), to Norges Bank (2.0%). The remaining market owns 17.4% of share capital (it was 21.1% on 31.12.12).
TABLE N.4 - ACEA GROUP IN FIGURES (2013)
NB:data referring to energy production are generated from Acea Produzione, Acea Reti e Servizi Energetici and A.R.I.A., of which Acea SpA owns 100%; data referring to the water service, 100% ascribed to the Group, are generated from the main water companies.
The holding company, Acea SpA, holds the corporate shareholding and fulfils all strategic and control functions as well as economic and financial coordination activities of the Group. It also offers management support to the operational businesses through managing, legal, logistic, technical, financial and administrative services. The macro-structure of Acea SpA is divided into corporate functions and four industrial areas – water, networks, energy, environment – which every single company relates to (see chart n. 6).
The consolidation boundary of the Group on 31st December 2013 included the 50 companies listed in table n. 5 (consolidated in the Financial Statements by line-by-line and proportional method) and further 18 companies consolidated by equity.
Over the year non-significant variations occurred within the consolidation area.
CHART N. 3 - OWNERSHIP STRUCTURE AS OF 31.12.2013
Source: Consob - only shares equal to or higher than 2% are indicated