Letter to the Shareholders

Dear Shareholders,
the year 2012 has definitively been a positive year for the ERG Group, both in terms of economic-financial results – marked by a strong return to profitability – as well as the attainment of important objectives pertaining to the development of the portfolio of assets, with significant growth in the sector of renewable energies and a simultaneous decrease in exposure to the refining sector. We are convinced that the path we have taken thus far has strengthened the foundations »