Ami HSST S.p.A. 12.5% Municipality of Bologna 13.7% Private and professional investors 39.2% Livia Tellus Governance S.p.A. 2.0% Other Municipalities and other Entities 12.1% Municipality of Ferrara 0.6% Municipality of Cesena 2.1% Municipality of Rimini 2.2% Holding Ferrara Servizi S.r.l. 2.1% Ravenna Holding 4.8% HSST S.p.A. (Holding Strategie e Sviluppo dei Territori modenesi), is comprised of: Frignano Association of Mountain Communities, Unione terre dei Castelli, Municipality of Castelfranco Emilia, Fiorano Modenese, Formigine, Frassinoro, Guiglia, Lama Mocogno, Maranello, Marano sul Panaro, Modena, Montefiorino, Palagano, Pavullo nel Frignano, Polinago, Riolunato, San Cesario sul Panaro, Sassuolo, Serramazzoni, Sestola, Zocca and Acquedotto Dragone Impianti.