2005
Hera becomes the 2nd largest operator in the sector
In October, Hera launched a bond issue in the international market for a total of between €400 and €500 million to help finance the Group’s development processes, which included the integration of Meta, a multi-utility in Modena. The company’s territorial proximity and extensive business portfolio allowed synergies generating an additional €20 million per year in terms of consolidated consolidated Gross Operating Margin (EBITDA).
With the merger, the HERA Group became the 2nd largest operator in the sector, with an annual turnover of around €1.8 billion.
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