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Snam SpA (SRG.MI)

SRG.MI on Milan Stock Exchange

4.26EUR
11:35am EDT
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€4.26
Open
€4.25
Day's High
€4.28
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€4.25
Volume
6,143,675
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7,312,795
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€4.89
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€3.41

Latest Key Developments (Source: Significant Developments)

Snam issues new 2027 bond as part of exchange offer​
Tuesday, 10 Oct 2017 03:57am EDT 

Oct 10 (Reuters) - Italian gas grid operator Snam says::Launches a fixed rate bond reserved to institutional investors aimed at a potential debt exchange offer​.New bond expected to be worth ‍500 million euros​.Will have an October 2027 maturity.Initial price terms: mid swap rate plus 70-75 bps​.In parallel, BNP Paribas has launched a tender offer on eight bonds issued by Snam maturing between 2019 and 2024.  Full Article

Snam ‍and Baker Hughes sign memorandum of understanding
Tuesday, 26 Sep 2017 06:12am EDT 

Sept 26 (Reuters) - Italy's Snam::‍Signs memorandum of understanding with Baker Hughes, a GE company specialising in digital services, to develop technologies for gas market​ .  Full Article

Snam CEO expects Greece's DESFA gas grid sale to be competitive
Wednesday, 26 Jul 2017 08:12am EDT 

July 26 (Reuters) - Snam CEO Marco Alvera says::deadline for expressions of interest for stake in Greece's DESFA gas grid is August 7, expects some competition for this asset.confident TAP gas pipeline will be ready by 2020.expects full-year net income to be above 0.9 billion euros.  Full Article

Snam signs 310 mln euro loan deal with EIB to fund Italy gas system projects
Wednesday, 26 Jul 2017 06:45am EDT 

July 26 (Reuters) - Italy gas grid company Snam says::has signed a 310 million euro loan agreement with European Investment Bank for financing of projects aimed at developing Italian gas system.  Full Article

Edison sells ITG and its 7.3 pct interest in Adriatic LNG to Snam
Wednesday, 26 Jul 2017 04:12am EDT 

July 26(Reuters) - EDISON SPA ::SAID ON TUESDAY IT SOLD INFRASTRUTTURE TRASPORTO GAS AND ITS 7.3 PCT EQUITY INVESTMENT IN TERMINALE GNL ADRIATICO TO SNAM SPA FOR A TOTAL OF EUR 225 MILLION.  Full Article

Snam H1 EBIT 714 mln euros, above consensus
Wednesday, 26 Jul 2017 12:30am EDT 

July 26 (Reuters) - Italy gas grid company Snam says::EBIT in first six months 714 million euros versus Thomson Reuters consensus of 706 million euros.net profit in first six months 504 million euros.  Full Article

Snam buys ITG and 7.3 pct of Adriatic LNG for 225 mln euros
Tuesday, 25 Jul 2017 12:54pm EDT 

July 25 (Reuters) - Italian gas group Snam says::signs final agreement with Edison for acquisition of 100 percent of Infrastrutture Trasporto Gas (ITG) and 7.3 percent of capital of Adriatic LNG.total investment equal to 225 million euros.closing of transaction expected by end 2017.  Full Article

Italy's Snam signs MoU with Greece's EDA THESS
Monday, 24 Jul 2017 05:21am EDT 

July 24 (Reuters) - Italian gas group Snam says::Signs memorandum of understanding with EDA THESS to collaborate over management and development of the Greek group's distribution infrastructure .Agreement signed ahead of final phase of market opening .Greece opted for the unbundling of natural gas activities at the end of 2016, with a full customer eligibility from January 2018.  Full Article

Snam interested in Greek gas grid stake - CEO
Thursday, 8 Jun 2017 10:57am EDT 

June 8 (Reuters) - Snam CEO Marco Alvera says::interested in buying stake in Greek natural gas grid operator DESFA because of its geographic proximity.the DESFA privatisation process has still not kicked off.confirms first gas from TAP pipeline bringing Azeri gas to Italy in 2020.  Full Article

Italgas to take part in bid for Gas Natural assets in Italy - CEO
Wednesday, 31 May 2017 09:40am EDT 

May 31 (Reuters) - Italgas CEO Paolo Gallo says in a conference call on the group's business plan::Spain's Gas Natural issued information memorandum for sale of its Italy assets last Friday.Italgas will take part in the tender for the assets.  Full Article

BRIEF-Snam ‍and Baker Hughes sign memorandum of understanding

* ‍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)