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Snam: reimbursement of shareholder loan by TAP

Snam Company

San Donato Milanese (Milan), 27 December 2018 - Snam announces that its outstanding shareholder loan with Trans Adriatic Pipeline (TAP), in which it holds a 20% stake, was reimbursed today by TAP for an amount of € 519 million through a true-up mechanism. This reimbursement follows the finalization of TAP’s project financing.

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updated
27 December 2018 - 20:22 CET