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Group 1 - The article does not provide any relevant content regarding the company or industry [1]

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Core Strategy - The company's strategy is built on four fundamental pillars: growth in core gas distribution, renewable energy, energy efficiency, and economic and operational innovation [1] - The integration of economic financial objectives with social, environmental, and governance goals aims for sustainable success [1] Recent Developments - The group underwent a strategic repositioning starting in 2029, which included a gradual exit from the gas and energy sector, with a definitive transfer of minority interests to the Hera Group by 2025 [2] - This transaction enabled the company to acquire gas distribution concessions from the A2A Group, positioning Ascopiave as the second national operator and strengthening its presence in Lombardy [2] Financial Overview - As of the end of 2025, the company's invested capital is over $1.5 billion, with approximately 85% allocated to the regulated gas distribution sector, indicating a low-risk profile for the asset portfolio [3]

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Core Viewpoint - Vornado Realty Trust (VNO) is being analyzed for its financial instruments and investment opportunities, with a focus on identifying mispriced investments in fixed-income and closed-end funds [1]. Group 1: Company Overview - Vornado Realty Trust (VNO) has been previously reviewed, indicating ongoing interest and analysis of its financial performance and market position [1]. Group 2: Investment Strategy - The investment group led by Denislav Iliev focuses on day trading and identifying mispriced investments, utilizing a team of 40 analysts to conduct thorough market analysis [1]. - The service provided by the group includes frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, and hedging strategies [1].