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Snam SpA (SRG.MI)

SRG.MI on Milan Stock Exchange

3.64EUR
17 Oct 2018
Change (% chg)

€-0.06 (-1.51%)
Prev Close
€3.70
Open
€3.71
Day's High
€3.72
Day's Low
€3.63
Volume
8,093,794
Avg. Vol
10,886,903
52-wk High
€4.51
52-wk Low
€3.40

Latest Key Developments (Source: Significant Developments)

Snam Completes Placement Of 5-Year Bond Issue For EUR 600 Mln
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Snam SpA ::SUCCESSFUL LAUNCH OF 5-YEAR NOTE ISSUE FOR A TOTAL OF 600 MILLION EURO, 6 TIMES OVERSUBSCRIBED.5-YEAR NOTE ISSUE IS UNDER ITS EMTN PROGRAMME (EURO MEDIUM TERM NOTES).  Full Article

Snam Signs With API Group Agreement For 200 Natural Gas Fuelling Stations In Italy
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Snam SpA ::SIGNS WITH API GROUP FRAMEWORK AGREEMENT FOR ABOUT 200 NEW NATURAL GAS AND BIOMETHANE FUELLING STATIONS IN ITALY.  Full Article

Snam H1 EBIT At EUR 729 Mln
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Snam SpA ::H1 TOTAL REVENUE: EUR 1,242 MILLION.H1 EBIT: EUR 729 MILLION.H1 NET PROFIT: EUR 523 MILLION.NET FINANCIAL DEBT AT END-JUNE: EUR 11,421 MILLION.REVISES 2018 GUIDANCE.SEES 2018 NET PROFIT AROUND €1 BILLION (PREVIOUS GUIDANCE OF €975 MILLION).SAYS NET FINANCIAL DEBT AT THE END OF 2018 CONFIRMED AT €11.5 BILLION.SAYS 2018 COST OF DEBT NOW EXPECTED AT 1.6% (PREVIOUS GUIDANCE OF 1.8%).EFFICIENCY PROGRAM: TARGETING SAVINGS BY 2021 INCREASED TO OVER €50 MILLION FROM OVER €40 MILLION.  Full Article

Snam Through Cubogas Completes Acquisition Of Business Arm
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Snam SpA ::THROUGH CUBOGAS S.R.L., WHOLLY-OWNED BY SNAM4MOBILITY, COMPLETES ACQUISITION OF BUSINESS ARM DEDICATED TO TECHNOLOGICAL SOLUTIONS FOR NATURAL GAS SUPPLY STATIONS OF M.T.M.TOTAL VALUE OF THE TRANSACTION IS 12.5 MILLION EURO, SUBJECT TO CERTAIN ADJUSTMENTS.  Full Article

Snam, Enagás, Fluxys Consortium Signs Agreements For Purchase Of Greek Operator DESFA
Friday, 20 Jul 2018 

July 20 (Reuters) - Snam SpA ::SNAM, ENAGÁS, FLUXYS CONSORTIUM SIGNS THE AGREEMENTS FOR THE ACQUISITION OF 66% OF THE GREEK OPERATOR DESFA.  Full Article

Snam Buys 70% Stake in IES Biogas
Thursday, 5 Jul 2018 

July 5 (Reuters) - Snam SpA ::SAYS INVESTS IN BIOMETHANE AND ACQUIRES IES BIOGAS.SAYS FOR A VALUE OF APPROXIMATELY 4 MILLION EURO IT HAS ACQUIRED 70% OF IES BIOGAS."THIS ACQUISITION IS OUR FIRST INITIATIVE IN RENEWABLE ENERGY" - CEO.  Full Article

Snam Enters Into Agreement With Baker Hughes For Four Liquefaction Plants
Monday, 28 May 2018 

May 28 (Reuters) - Snam ::ENTERS INTO AGREEMENT WITH BAKER HUGHES FOR DEVELOPMENT OF MICRO-LIQUEFACTION PLANTS FOR SUSTAINABLE MOBILITY.WILL DETERMINE BY END OF 2018 THE FEASIBILITY OF THE FUTURE DEVELOPMENT OF FOUR SMALL-SCALE LIQUEFACTION PLANTS.POTENTIAL FUTURE INVESTMENT FOR THE FOUR PLANTS IS IN THE ORDER OF 50 TO 80 MILLION EUROS IN THE COMING YEARS.  Full Article

Westport Fuel Systems Enters Deal To Sell CNG Compressor Unit To Snam For 12.5 Million Euro
Thursday, 17 May 2018 

May 17 (Reuters) - Westport Fuel Systems Inc ::PRESS RELEASE - WESTPORT FUEL SYSTEMS ANNOUNCES AGREEMENT TO SELL CNG COMPRESSOR BUSINESS TO SNAM S.P.A. FOR 12.5 MILLION EURO.WESTPORT FUEL SYSTEMS ANNOUNCES AGREEMENT TO SELL CNG COMPRESSOR BUSINESS TO SNAM S.P.A. FOR 12.5 MILLION EURO.WESTPORT FUEL SYSTEMS INC - REVISING CONSOLIDATED REVENUE GUIDANCE FROM CONTINUING OPERATIONS TO A RANGE OF $235 MILLION TO $255 MILLION FOR FULL YEAR 2018..  Full Article

Snam, Enagás, Fluxys Win Tender To Buy 66 Pct Of Greece's DESFA
Thursday, 19 Apr 2018 

April 19 (Reuters) - SNAM SPA ::SNAM, ENAGÁS, FLUXYS CONSORTIUM AWARDED TENDER FOR ACQUISITION OF 66% OF GREEK OPERATOR DESFA.TAIPED ACCEPTED AN OFFER OF 535 MILLION EURO FOR 66% OF DESFA SHARE CAPITAL PRESENTED BY CONSORTIUM.CONSORTIUM CONSISTING OF SNAM, WITH AN INTEREST OF 60%, TOGETHER WITH ENAGÁS (20%) AND FLUXYS (20%).  Full Article

Snam ‍Says Gas Storage In 2017-2018 Winter Reaches Record High​
Wednesday, 4 Apr 2018 

April 4 (Reuters) - Snam SpA ::ABOUT 10.6 BILLION STANDARD CUBIC METERS OF NATURAL GAS SUPPLIED IN WITHDRAWAL CAMPAIGN FROM NOV 1, 2017, TO MARCH 31.2017-2018 WINTER SHOWED INCREASE OF 0.8 BILLION STANDARD CUBIC METERS VERSUS PREVIOUS HISTORICAL MAX IN 2014-2015 WINTER.  Full Article

EU mergers and takeovers (Oct 17)

BRUSSELS, Oct 17 The following are mergers under review by the European Commission and a brief guide to the EU merger process: