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Snam SpA (SRG.MI)

SRG.MI on Milan Stock Exchange

3.70EUR
11:17am EDT
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Latest Key Developments (Source: Significant Developments)

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 sees ‍2018 net profit at around 975 mln euros
Wednesday, 14 Mar 2018 03:13am EDT 

March 14 (Reuters) - Snam says: :SEES ‍2018 NET PROFIT OF ABOUT EUR 975 MILLION​.  Full Article

‍Snam Makes Upward Revisions To Main Targets Of 2017-2021 Plan​
Wednesday, 14 Mar 2018 02:38am EDT 

March 14 (Reuters) - Snam ::‍SNAM MAKES UPWARD REVISIONS TO MAIN TARGETS OF 2017-2021 PLAN​.SAYS DIVIDEND POLICY WITH ANNUAL GROWTH OF 2.5% EXTENDED TO 2019.‍SNAM HAS REACHED PREVIOUS PLAN'S MAIN OBJECTIVES IN 2017​.SAYS TARGETS INVESTMENTS: € 5.2 BN (+10% COMPARED TO THE PREVIOUS PLAN), OF WHICH € 4.6 BN IN TRANSPORTATION AND € 0.6 BN IN STORAGE AND REGASIFICATION ‍​ IN 2018-2022 STRATEGIC PLAN.SEES NET INCOME CAGR1 4.5% (4% IN THE PREVIOUS PLAN).SAYS TARGETS ‍​ RAB ANNUAL AVERAGE GROWTH (CAGR1) OF 2% IN 2018-2021 STRATEGIC PLAN.SEES OVER € 40 MN OF SAVINGS AT THE END OF THE PLAN (+60% FROM € 25 MN OF THE PREVIOUS PLAN)‍​.AUTHORIZATION FOR A NEW BUYBACK PLAN FOR UP TO € 500 MN WILL BE REQUESTED AT THE ORDINARY SHAREHOLDER MEETING‍​.  Full Article

Snam 2017 Adjusted Net Profit AT EUR 940 Million
Wednesday, 14 Mar 2018 02:33am EDT 

March 14 (Reuters) - Snam ::SAYS 2017 REVENUE EUR 2,441 MILLION VERSUS THOMSON REUTERS SMART ESTIMATE OF EUR 2,559 MILLION.TO PROPOSE TO THE SHAREHOLDERS’ MEETING A DIVIDEND OF €0.2155 PER SHARE‍​.SAYS 2017 ADJUSTED NET PROFIT EUR 940 MILLION VERSUS THOMSON REUTERS SMART ESTIMATE OF EUR 934.1 MILLION.SAYS NATURAL GAS DEMAND: 75.1 BILLION CUBIC METRES (+6.0% COMPARED TO 2016,.2017 ADJUSTED EBIT: EUR 1,363 MILLION.NET FINANCIAL DEBT AS AT 31 DECEMBER 20175 AMOUNTS TO EUR 11,550 MILLION (EUR 11,056 MILLION AT 31 DECEMBER 2016).SNAM CONFIRMS A MAJOR INVESTMENT PLAN, OF AROUND EUR 5.2 BILLION IN THE PERIOD 2017-2021, OF WHICH EUR 1.0 BILLION REALISED IN 2017.  Full Article

Fluxys And Snam Will Acquire 33.5 Pct Stake Owned By CDPQ In Interconnector UK
Friday, 2 Mar 2018 06:05am EST 

March 2 (Reuters) - SNAM ::FLUXYS AND SNAM WILL ACQUIRE 33.5% STAKE OWNED BY CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC IN INTERCONNECTOR UK.FLUXYS AND SNAM HAVE DECIDED TO EXERCISE THEIR PROPORTIONAL PRE-EMPTION RIGHT ON CDPQ STAKE.TRANSACTION ENABLES CDPQ TO CONVERGE MANAGEMENT OF ITS STAKE IN INTERCONNECTOR UK INTO ITS 20% PARTNERSHIP IN FLUXYS.TRANSACTION VALUE AMOUNTS TO APPROXIMATELY 75 MILLION GBP.FLUXYS AND SNAM, WITH A 76.32% AND A 23.68% STAKE RESPECTIVELY, WILL BE SOLE SHAREHOLDERS IN INTERCONNECTOR UK.  Full Article

Snam Signs Final Agreements To Buy 82 Pct Of TEP Energy Solution
Friday, 23 Feb 2018 12:39pm EST 

Feb 23 (Reuters) - SNAM ::SIGNS FINAL AGREEMENTS FOR ACQUISITION OF 82% CONTROLLING STAKE IN TEP ENERGY SOLUTION (TEP).AGREEMENT TO ACQUIRE VALUES TEP AT EUR 21 MILLION (100% ENTERPRISE VALUE).AGREEMENTS INCLUDE PRICE ADJUSTMENTS BASED ON TEP'S NEXT THREE YEARS' FINANCIAL RESULTS.AGREEMENTS INCLUDE PUT AND CALL OPTIONS EXERCISABLE BY 2020.  Full Article

Italy's Snam places 350 mln euro floating rate bond
Monday, 22 Jan 2018 12:12pm EST 

Jan 22 (Reuters) - Italy's Snam says: :PRIVATELY PLACED 350 MILLION EURO 2-YEAR FLOATING RATE BOND.PRICED BOND AT 3-MONTH EURIBOR RATE PLUS 0.15 PERCENT.  Full Article

Italy's OLT LNG newly offers December capacity after Baumgarten gas hub blast
Tuesday, 12 Dec 2017 08:30am EST 

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

EU mergers and takeovers (July 16)

BRUSSELS, July 16 The following are mergers under review by the European Commission and a brief guide to the EU merger process: