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Snam (SRGIM: Baa2 / BBB+): Acquisition Of Gas Storage

UTILITIES

Italian press confirming that Snam will acquire Edison Italy’s Gas Storage business.

  • The cost is expected to be around EUR 500m.

This has been talked about since 26th Feb and is part of their new strategic plan announced on 25th Jan which see total capex of EUR 11.5b until Year End ‘27.

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