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Snam SpA

Company Summary

Recent news

  • 3/6/2024 - VTTI Nears Acquisition... (subscriber access)
  • 12/5/2023 - Snam Completes... (subscriber access)
  • 11/15/2023 - Snam to Invest €1... (subscriber access)
  • 10/4/2023 - Exxon Divesting Stake in... (subscriber access)
  • 7/20/2023 - Italy's Floating LNG... (subscriber access)

Company Transactions

Date: 9/30/2022
Type: Acquisition

BUYERS:
  • Eni SpA
  • SELLERS:
  • Snam SpA
  • DETAILS:

    COST: 435.7 $MM

    NOTES:
    Eni has reached a deal to sell a 49.9% stake in their subsidiary which runs the gas pipelines between Algeria and Italy to Snam for $435.7 million. This includes the TTPC Pipelines that run from the Algeria/Tunisia border to the coast of Tunisia and the offshore pipes that connect Tunisia and Italy (TMPC.)
    REGIONS:
  • Europe
  • Date: 6/1/2022
    Type: Acquisition

    BUYERS:
  • Snam SpA
  • SELLERS:
  • Golar LNG Ltd.
  • DETAILS:

    COST: 350 $MM

    VOLUMES: 5 BCM

    NOTES:
    Italian firm Snam has made a deal with Golar LNG to acquire a 100% stake in Golad LNG NB 13 Corporation, whose sole asset is the Golar Tundra floating storage and regasification unit (FSRU.) They are buying the stake for $350 million.
    REGIONS:
  • Europe
  • Date: 12/31/2020
    Type: Acquisition

    NOTES:
    Abu Dhabi is closing in on a deal to sell a stake in natural gas pipelines to a group led by Global Infrastructure Partners and Brookfield Asset Management. The purchase would include a 49% stake in the pipelines as soon as this month, with the pipes valued in excess of $15 billion.
    REGIONS:
  • Middle East
  • Date: 9/26/2019
    Type: Acquisition

    BUYERS:
  • Snam SpA
  • SELLERS:
  • Iren SpA
  • DETAILS:

    COST: 377 $MM

    NOTES:
    Italy's Snam has signed a deal with Iren to acquire a 49.07% stake in the Offshore LNG Toscana (OLT) that manages a regas terminal off the coast of Tuscany.
    REGIONS:
  • Europe