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Snam SpA (SRG.MI)

SRG.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Italy's CDP to transfer stakes in Snam, Italgas to CDP Reti for 187.6 mln euros
Tuesday, 16 May 2017 01:58pm EDT 

May 16 (Reuters) - Italian state lender CDP says: :will conclude transfer of 1.12 percent stake in Snam and 0.97 percent in Italgas to its CDP Reti unit on May 19.the transfer, initially announced in April, was agreed for a total price of 187.6 million euros ($208.01 million).  Full Article

Snam sees no delay in plans for TAP gas flows to start in 2020
Thursday, 4 May 2017 09:26am EDT 

May 4 (Reuters) - Snam CFO Alessandra Pasini said on a conference call::the TAP pipeline that will carry Azeri gas into Italy is scheduled to be operational in 2020 and there are no expectations of any delay.  Full Article

Snam, Eustream, Naftogaz to sign accord on Ukraine gas grid
Monday, 10 Apr 2017 08:52am EDT 

Italian Industry Minister Carlo Calenda says: Italy's Snam, Slovakia's Eustream, Ukraine's Naftogaz to sign cooperation agreement to maintain Ukraine gas transmission network . Considers Ukraine a very important route of gas transit, need to maintain it Further company coverage: [SRG.MI] (Reporting by Milan Newsroom).  Full Article

Italgas 2016 adj pro-forma net profit 221 mln euros
Friday, 24 Mar 2017 02:52am EDT 

Italy's biggest gas distributor Italgas says: 2016 pro-forma adjusted net profit 221 million euros . net debt 3.618 billion euros end 2016 . 2016 pro-forma adjusted EBITDA 685 million euros . to pay dividend on 2016 results of 0.20 euros per share .demerger from Snam and listing of group took place on November 7 last year.  Full Article

Snam CEO expects first gas from TAP pipeline in 2020
Tuesday, 7 Mar 2017 10:32am EST 

Snam CEO Marco Alvera says in a conference call on Tuesday: expects first gas from Trans Adriatic Pipeline (TAP) to flow in 2020 . sees, as a general principle, treasury shares used more for shareholder remuneration rather than for acquisitions Further company coverage: [SRG.MI] (Reporting by Milan newsroom).  Full Article

Snam 2016 adj EBITDA down 3.4 pct on lower regulated income
Tuesday, 7 Mar 2017 01:41am EST 

Snam says: 2016 adjusted EBITDA 1.987 billion euros, down 3.4 percent on year earlier due to lower regulated revenues . adjusted pro forma 2016 net profit 845 million euros . proposes dividend on 2016 results of 0.21 euros per share .net debt at 11.056 billion euros end 2016.  Full Article

Snam says watchdog approves 2017 revenues of 1.88 bln euros
Tuesday, 22 Nov 2016 12:02pm EST 

Snam says: energy authority approved revenues for 2017 of the transport, dispatching and metering businesses equal to 1.88 billion euros . The regulated asset base (RAB) for the transport business at the end of 2015 was set at 15 billion euros Further company coverage: [SRG.MI] (Reporting by Milan newsroom).  Full Article

Snam says Alessandra Pasini to become CFO
Tuesday, 27 Sep 2016 12:51pm EDT 

Italy's Snam: Alessandra Pasini to become the group's chief financial officer, the company says . Pasini is Barclays Head of Investment Banking in Italy . current CFO Antonio Paccioretti will step down to become general manager at Italgas unit, the company says . the company says it has renewed its EMTN issuance programme, reducing its maximum total amount to 10 billion from 12 billion euros .company says has approved issuance of bonds for up to 1.15 billion euros by end-September 2017.  Full Article

Snam says RAB for storage business set at 4 bln euros
Wednesday, 27 Jul 2016 02:22am EDT 

Snam says:electricity watchdog set RAB for natural gas storage business at 4 billion euros.  Full Article

Snam first-half net profit falls 14 pct
Wednesday, 27 Jul 2016 01:57am EDT 

Italy's Snam says: First-half net profit down 14.1 percent at 526 million euros ($578 million). . EBITDA down 8.4 percent at 1.314 billion euros. . H1 EBIT falls 14.3 percent to 867 million euros. .Results reflect, among other things, adjustment in the rate of return on net invested capital from Jan. 1..  Full Article

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BRIEF-BlackRock at 5 pct of Snam as of March 21 - filing

* 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)