Snam S.p.A. (SRG.MI)
| Previous Close | 4.5260 |
| Open | 4.5460 |
| Bid | 4.5370 x 0 |
| Ask | 4.5380 x 0 |
| Day's Range | 4.5110 - 4.5680 |
| 52 Week Range | 4.1130 - 4.9080 |
| Volume | |
| Avg. Volume | 5,651,475 |
| Market Cap | 15.192B |
| Beta (5Y Monthly) | 0.62 |
| PE Ratio (TTM) | 14.16 |
| EPS (TTM) | 0.3200 |
| Earnings Date | Nov 06, 2024 |
| Forward Dividend & Yield | 0.34 (7.48%) |
| Ex-Dividend Date | Jun 24, 2024 |
| 1y Target Est | 5.00 |
ReutersEdison, Snam sign gas storage deal worth up to 630 million euros
EDF's Italian unit Edison will sell its gas storage unit to gas grid operator Snam in a deal giving the assets an enterprise value of around 560 million euros ($608.05 million), the two companies said on Thursday. The deal will also include price adjustments that could enable Edison to cash in up to 630 million euros, depending on future developments including the outcome of an arbitration on one of the assets, Edison said in its statement. Edison last year decided to sound out market appetite for three gas storage sites in Italy - all owned through unit Edison Stoccaggio - drawing interest from several Italian and foreign investors.
ReutersEdison, Snam to announce storage deal on Thursday, sources say
EDF's Italian unit Edison and gas grid operator Snam are expected to announce on Thursday a deal on gas storage assets with a base price of nearly 600 million euros ($651 million), two sources with knowledge of the matter said. The preliminary deal will also include price adjustments that could bring the final price paid by Snam over 600 million euros depending on some future developments including the outcome of an arbitration on one of the assets, the sources said on Wednesday. Snam and Edison declined to comment on the issue.
ReutersEU includes in its final priority list two Snam's projects
The European Commission has put two initiatives involving Italy's Snam on its final list of priority projects (PCI), the gas grid operator said on Monday. The two projects, which were included in a preliminary list in November, will benefit from accelerated approval and implementation procedures and, under certain conditions, can access to European funding from the so-called 'Connecting Europe Facility'. The two projects involving Snam are a pipeline to bring hydrogen from Italy to Austria and Germany and a system to liquefy, transport and store carbon dioxide (CO2) in the Adriatic Sea.
