Ethical indexes in which Hera stock is present The composition of the shareholding structure Widespread, international shareholding structure lacking shareholders with absolute controlling interests A singular aspect in Hera’s history is that since its establishment (in 50% of the growth in the results in the last 12 years has taken place applying a merger model which has involved more than 20 companies in the sector, and has led the Group to be a leading player in the consolidation process for the sector in Italy.