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Snam SpA (SRG.MI)

SRG.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Italy's OLT LNG newly offers December capacity after Baumgarten gas hub blast
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Italian liquefied natural gas operator OLT Offshore LNG Toscana says::MAKES DECEMBER REGASIFICATION CAPACITY NEWLY AVAILABLE AFTER GOVERNMENT STATE OF EMERGENCY (FOLLOWING BAUMGARTEN GAS HUB BLAST).  Full Article

Snam says Russia gas flows to Italy halted after Austria blast, "could resume today"
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Italy gas transport group Snam says::ITALY GAS SUPPLIES GUARANTEED BY STORAGE.GAS IMPORT FLOWS FROM RUSSIA TEMPORARILY INTERRUPTED.SUPPLIES COULD RESUME TODAY IF FIRST DAMAGE ASSESSMENT IS CONFIRMED..  Full Article

Snam Rete Gas: allowed revenues for 2018 approved
Wednesday, 6 Dec 2017 

Dec 5 (Reuters) - Snam ::‍REGULATORY AUTHORITY APPROVED ALLOWED REVENUES OF 2018 FOR TRANSPORT, DISPATCHING AND METERING BUSINESSES, SET AT 1,947 MILLION EURO​S.‍ACTUAL REVENUES FOR 2018 WILL HAVE TO TAKE INTO ACCOUNT ACTUAL TRANSPORTED VOLUMES COMPARED TO REFERENCE VOLUME SET AT 67,2 BILLION CUBIC METERS​.- ‍RAB USED TO CALCULATE 2018 REVENUES FOR TRANSPORT, DISPATCHING AND METERING BUSINESSES SET AT 16 BILLION EUROS, INCLUDES INVESTMENTS CARRIED OUT IN 2017​.  Full Article

Snam and SGI Agree On A Joint Project For The Methanization Of Sardinia
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - SNAM SPA ::SNAM AND SGI AGREE ON A JOINT PROJECT FOR THE METHANIZATION OF SARDINIA.DEVELOPMENT AND JOINT MANAGEMENT OF SNAM AND SGI’S GAS TRANSPORTATION NETWORK TO BE MANAGED BY ONE OF SNAM’S SUBSIDIARIES.CONSTRUCTION AND COMMISSIONING OF FIRST SECTION IS ESTIMATED IN H1 2020, AFTER OBTAINING NECESSARY AUTHORIZATIONS.  Full Article

Snam Foundation And Confagricoltura Sign Agreement to Promote Social Agriculture
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - SNAM SPA ::SNAM FOUNDATION AND CONFAGRICOLTURA SIGN PROTOCOL TO COOPERATE IN PROMOTING AND DEVELOPING SOCIAL AGRICULTURE PROJECTS.SELECTED PROJECTS WILL BE SUPPORTED ECONOMICALLY AND WITH FREE CONCESSION OF SOME UNUSED LAND OWNED BY SNAM FOR A PERIOD OF 10 YEARS‍​.  Full Article

Italy's Snam says S&P raises rating to BBB+
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Snam says::S&P raises its rating on the company to BBB+ from BBB after the rating agency upgraded its rating on the Republic of Italy.  Full Article

EU mergers and takeovers (June 15)

BRUSSELS, June 15 The following are mergers under review by the European Commission and a brief guide to the EU merger process: