With 92.01% of the votes in favor, the Abbanoa shareholders' meeting—composed of the Region and the 342 member municipalities—approved the process that resets the original expiration date for the integrated water service to December 31, 2028, rather than 2025, and allows for the continuation of in-house public management.

The decision also includes the repayment to the Region of the state aid granted in 2013, amounting to €187 million, which is now worth approximately €223 million. The meeting, with 86.6% of the share capital in attendance, initiated the operational guidelines for this process, confirming further discussions at upcoming shareholder meetings.

Abbanoa President Giuseppe Sardu, along with Regional President Alessandra Todde and the President of the Egas Area Governing Body Fabio Albieri, emphasized that the repayment of the aid will not impact tariffs, will not limit investments, and will not affect the company's operations.

In recent years, Abbanoa has consolidated its financial strength: share capital amounts to €288 million, and the last financial year closed with a profit of €2.663 million (up 54.48% compared to 2023), while investments rose to €121.3 million (up 20.7%). Net equity reached €340.264 million.

The return to fully public management marks a historic turning point after the European aid of 2013, when the Region intervened to save the company in serious financial difficulty, simultaneously reducing the duration of the concession and requiring the tender to be opened to private bidders starting in 2026.

(Unioneonline/Fr. Me.)

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