Hera Group, through its subsidiary Acantho, and Ascopiave acquire 92% of Asco Tlc

Banca Akros acted as financial advisor to the buyers.

Hera Group, through its subsidiary Acantho, and Ascopiave, in partnership with stakes of 40% and 60% respectively, won the public tender organized by Asco Holding for the sale of 92% of Asco TLC shares held by Asco Holding itself and the C.C.I.A. of Treviso-Belluno.

Asco TLC, a provider of ICT services since 2001, mainly dealing with corporate clients and public administrations. It owns a significant proprietary network, located in Veneto and Friuli-Venezia Giulia with over 2,200 km of fibre optic backbones, 56 communications tower and 24 xDSL unbundled stations. It provides services to over 2,700 clients.

Banca Akros acted as financial advisor to Hera Group, through its subsidiary Acantho, and Ascopiave in the in the preparation of the acquisition business plan and fairness opinion.
Our team that followed the deal is led by the Head of Diversified Industries Gianluca Magnani and composed by the Vice President Luca Pezzuti and the Analyst Gian Marco Melani.

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