Snam SpA

SRG: XMIL (ITA)

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Snam: Acquisition of 25% Stake in Open Grid Europe Aligns With Pan-European Infrastructure Strategy

Tancrede Fulop

Apr 9, 2025

Snam agreed to purchase a 25% stake in Open Grid Europe, Germany's largest independent gas network operator, from Abu Dhabi Investment Authority for an equity value of EUR 920 million. The deal is expected to close in the third quarter, subject to regulatory approvals.

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Snam SpA

Snam: Acquisition of 25% Stake in Open Grid Europe Aligns With Pan-European Infrastructure Strategy

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