52 Week Range
As of on the Italian SE (Mercato Continuo Italia) ∙ Minimum 15 minute delay
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Snam To Start Buyback Program For Up To EUR 150 Mln
Snam Issues EUR 200 Mln Notes Due In May 2024
Snam Completes Tender Offer On Notes For EUR 597.4 Mln
Snam SpA is an Italy-based company engaged in the management of natural gas services. The Company is diversified into four operating segments. The Transportation segment covers transportation-related gas services, including capacity management and transportation of the gas at the entry points of the gas network to the redelivery points. It owns transportation infrastructures of gas pipelines. The Regasification segment is focused on extraction activities of natural gas, its liquefaction for transport by ship and subsequent regasification. The Storage segment covers deposits, gas treatment plants, compression plants and the operational dispatching system. The Distribution segment engages gas distribution through local transportation networks from delivery points at the metering and reduction stations to the gas distribution network redelivery points at the end customers. Additionally, Snam SpA as the parent company, focuses on planning, management, coordination and control of the group.
Piazza Santa Barbara, 7
Luca Dal Fabbro
Independent Chairman of the Board
Chief Executive Officer, Director
Chief Financial Officer
Executive Vice President of Human Resources & Organisation
Camilla Alessandra Palladino
Executive Vice President of Corporate Strategy and Investor Relations
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Europe's biggest gas pipeline company Snam <SRG.MI> pledged on Thursday to spend more money on new green business lines and set up a new hydrogen unit as it moves to position itself for the industry-wide transition to cleaner energy sources.
Italy's Snam is working on a bid for a stake in a $6 billion natural gas pipeline in the United States in what would be the gas group's first foray outside Europe, four sources told Reuters.
Italian gas group Snam is interested in partnering or investing in China's planned national oil and gas pipeline company, the head of Italy's sovereign wealth fund said on Wednesday.
Italian regional utility Iren is considering selling its 49.1% stake in the country's second-biggest liquefied natural gas terminal and has been in touch with possible buyers, including gas infrastructure group Snam, sources said.
Italian gas group Snam said its net profit in the first quarter jumped 11.4%, boosted by higher revenues from its core transport business.
Italian gas group Snam <SRG.MI> has a deal with Seat, a unit of German car maker Volkswagen <VOWD_p.DE>, to boost the use of natural gas to power cars, the two companies said on Monday.
Italian gas group Snam expects to deliver higher earnings and dividends under a new plan which will see it spend more on its network and new green businesses.
Greece has accepted a 535 million euro (466.31 million pounds) offer from a consortium led by Italy's Snam <SRG.MI> for a majority stake in gas grid operator DESFA, naming it the "preferred investor", its privatisation agency said on Thursday.
Greece's privatisation agency on Monday asked a consortium led by Italy's Snam <SRG.MI>, which made the highest bid for a 66 percent stake in gas grid operator DESFA, to further improve its offer.
Italy's Snam <SRG.MI> and Belgium's Fluxys <FLUX.BR> said on Friday they would become the only shareholders in the Interconnector UK pipeline.
Italian gas grid company Snam <SRG.MI> has launched a 33 million euro (£29.35 million) tender to convert its car fleet to natural gas in a sign of its commitment to develop gas fuelling stations in the country.
* SNAM AND SGI AGREE ON A JOINT PROJECT FOR THE METHANIZATION OF SARDINIA
Italian gas grid company Snam <SRG.MI> said its net profit in the first nine months rose 18.2 percent to 755 million euros (665.78 million pounds), boosted by lower financial charges.
* Signs memorandum of understanding with Baker Hughes, a GE company specialising in digital services, to develop technologies for gas market Source text for Eikon: Further company coverage: (Reporting by Milan Newsroom)
Italian gas group Snam is in exclusive talks with EDF's Italian unit Edison to buy a stake in a liquefied natural gas terminal in northern Italy as part of plans to develop its LNG business, two sources said.
* U.S. investment company BlackRock owned 5.006 percent in Italian gas grid company Snam, with voting rights at 4.922 percent as of March 21, according to a filing published by the Italian market watchdog Consob Further company coverage: (Reporting by Milan newsroom)
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