Cleary Gottlieb is representing A2A S.p.A. in the sale to the Terna group of a portion of Italy’s national transmission grid and other portions of Italy’s high voltage grid. The agreement was executed on December 22. Closing of the transaction is subject to certain conditions precedent and is expected to take place in the first half of 2010.
A2A is a multi-utility in the energy sector. Terna - Rete Elettrica Nazionale is a major electricity transmission grid operator.