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Snam SpA (SRG.MI)

SRG.MI on Milan Stock Exchange

4.52EUR
19 Jul 2019
Change (% chg)

€-0.19 (-3.97%)
Prev Close
€4.70
Open
€4.71
Day's High
€4.72
Day's Low
€4.50
Volume
15,013,570
Avg. Vol
10,397,332
52-wk High
€4.86
52-wk Low
€3.51

Latest Key Developments (Source: Significant Developments)

Snam Issues Notes In Private Placement For EUR 250 Mln Due Jan 2030
Friday, 24 May 2019 12:37pm EDT 

May 24 (Reuters) - Snam SpA ::PRIVATE PLACEMENT ISSUED FOR 250 MILLION EURO WITH MATURITY JANUARY 2030.NOTES ISSUED UNDER SNAM'S EUR 10 BILLION EURO MEDIUM TERM NOTES PROGRAMME (EMTN) WILL BE LISTED ON THE LUXEMBOURG STOCK EXCHANGE.NOTES BEAR ANNUAL COUPON OF 1.625%, RE-OFFER PRICE IS 98.928 EQUIVALENT TO SPREAD OF 128 BASIS POINTS OVER INTERPOLATED MID-SWAP RATE.  Full Article

Snam CEO confirms guidance for 2019
Tuesday, 2 Apr 2019 05:23am EDT 

April 2 (Reuters) - Snam CEO tells shareholder meeting::2019 HAS STARTED WELL, WE CONFIRM OUR GUIDANCE FOR THE YEAR.  Full Article

BRIEF-Ferrovie Dello Stato, Snam And Hitachi Rail Sign MoU On Methane Trains
Thursday, 28 Mar 2019 06:01am EDT 

Refiles to fix typographical error in headline.:FS ITALIANE, SNAM AND HITACHI RAIL SIGN MOU (MEMORANDUM OF UNDERSTANDING) ON METHANE TRAINS.MOU AIMS TO CONVERT PART OF THE CURRENT FS ITALIANE TRAIN FLEET FROM DIESEL TO METHANE.AFTER A FEASIBILITY STUDY, THE COMPANIES WILL EXTEND THE SCHEME TO A LARGER NUMBER OF TRAINS.  Full Article

Snam Increases Size Of Its ECP Programme To EUR 2 Bln
Tuesday, 19 Mar 2019 01:41pm EDT 

March 20 (Reuters) - Snam SpA ::SAID ON TUESDAY THAT ITS BOARD DECIDED TO INCREASE THE SIZE OF EURO COMMERCIAL PAPER PROGRAMME (ECP PROGRAMME) APPROVED ON OCT. 2 2018 TO EUR 2 BILLION FROM EUR 1 BILLION .INCREASE OF ECP PROGRAMME'S SIZE ALLOWS CO TO LEVERAGE CURRENT POSITIVE MARKET BACKDROP AND TO DIVERSIFY ITS SHORT-TERM FINANCING INSTRUMENTS.ISSUE OF ONE OR MORE EURO COMMERCIAL PAPERS UNDER ECP PROGRAMME MAY BE CARRIED WITHIN TWO YEARS FROM THE DATE OF APPROVAL.  Full Article

Snam, Enagás And Fluxys Complete Purchase Of 66 Pct Of DESFA
Thursday, 20 Dec 2018 05:40am EST 

Dec 20 (Reuters) - Snam SpA ::CONSORTIUM COMPOSED OF SNAM, ENAGÁS AND FLUXYS COMPLETES THE PURCHASE OF 66% OF THE GREEK OPERATOR DESFA.VALUE OF THE OPERATION IS EUR 535 MILLION.CONSORTIUM HAS OBTAINED NON-RECOURSE ACQUISITION FINANCING OF MORE THAN 10 YEARS CORRESPONDING TO 65 % OF ENTERPRISE VALUE.  Full Article

Snam Purchases Total Nominal Amount Of About EUR 538 Mln In Tender Offer On Its Notes
Wednesday, 5 Dec 2018 05:18am EST 

Dec 5 (Reuters) - Snam SpA ::POSITIVE OUTCOME OF TENDER OFFER ON ITS NOTES, PURCHASED FOR A TOTAL NOMINAL AMOUNT OF ABOUT EUR 538 MILLION.LAST OF FOUR LIABILITY MANAGEMENT EXERCISES THAT FROM 2015 CONTRIBUTED TO REDUCE COST OF DEBT TO 1.5% AT YEAR-END.  Full Article

Snam doesn't need anything from M&A perspective - CEO
Wednesday, 7 Nov 2018 06:31am EST 

Nov 7 (Reuters) - Snam CEO Marco Alvera says::GROUP DOESN'T NEED ANYTHING FROM M&A PERSPECTIVE.  Full Article

Snam Starts A Share Buyback Program
Monday, 18 Jun 2018 01:57am EDT 

June 18 (Reuters) - Snam SpA ::SAYS STARTS A SHARE BUYBACK PROGRAM.SAYS FOR THE FIRST PART OF THE PROGRAM SIGNED AN ENHANCED BUYBACK AGREEMENT WITH A PRIMARY INTERMEDIARY, FOR A PERIOD OF MAXIMUM 6 MONTHS.  Full Article

Snam Signs Technical Joint Venture Agreement With Albgaz In Albania
Monday, 11 Jun 2018 06:17am EDT 

June 11 (Reuters) - Snam SpA ::SIGNS TECHNICAL JOINT VENTURE AGREEMENT WITH ALBGAZ IN ALBANIA.SNAM - SNAM SIGNS TECHNICAL JOINT VENTURE AGREEMENT WITH ALBGAZ IN ALBANIA.JOINT VENTURE WILL BE 75% OWNED BY ALBGAZ AND 25% BY SNAM.JOINT VENTURE AIMED AT PROVIDING RELATED SERVICES FOR OPERATION AND MAINTENANCE (O&M) OF GAS PIPELINES IN ALBANIA.  Full Article

Snam CEO says looking at opportunities for gas storage abroad
Wednesday, 14 Mar 2018 09:45am EDT 

March 14 (Reuters) - Italy's Snam CEO Marco Alvera tells media call::CONFIRMS FIRST GAS FROM TAP PIPELINE IN 2020.LOOKING AT OTHER OPPORTUNITIES FOR GAS STORAGE ABROAD.  Full Article

Snam, Ansaldo among priorities for boosting Italy investment in China - CDP

MILAN, July 10 Italian gas group Snam is interested in partnering or investing in China's planned national oil and gas pipeline company, the head of Italy's sovereign wealth fund said on Wednesday.