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Snam SpA (SRG.MI)

SRG.MI on Milan Stock Exchange

3.70EUR
16 Feb 2018
Change (% chg)

€0.01 (+0.38%)
Prev Close
€3.68
Open
€3.72
Day's High
€3.73
Day's Low
€3.68
Volume
10,523,393
Avg. Vol
10,364,912
52-wk High
€4.51
52-wk Low
€3.55

Latest Key Developments (Source: Significant Developments)

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

Snam says Russia gas flows to Italy halted after Austria blast, "could resume today"
Tuesday, 12 Dec 2017 06:43am EST 

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
Tuesday, 5 Dec 2017 02:15pm EST 

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 08:08am EST 

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 06:11am EST 

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 02:04pm EDT 

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

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

Italian grid operator Snam shows way by converting car fleet to natural gas

MILAN Italian gas grid company Snam has launched a 33 million euro ($40 million) tender to convert its car fleet to natural gas in a sign of its commitment to develop gas fuelling stations in the country.