Piazza Santa Barbara, 7
20097 San Donato Milanese (MI) Italy
Switchboard: +39 02.3703.1
Fax: +39 02.3703.9227
1 January 2012 Snam’s new corporate structure
The Company changes its naming from Snam Rete Gas to Snam and confers the transmission,
dispatching, remote control and gas metering business to a new company that, taking into account
the notoriety of the brand which identifies the leading operator in the transport business in
Italy, is named Snam Rete Gas.
Snam consequently becomes a corporate company wholly owning four operating companies that focus on the management and development of their respective businesses, while the new transportation company is configured as an Independent Transmission Operator, as defined in Italy’s enforcement of the Third Energy Package of the European Union. This directive also provides the Snam group to adopt communication policies not generating any confusion with the identity of the vertically integrated company. The new Snam trademark is the result of the reworking of the historic logo of the 1940s, which emphasises the company's strategic role in view of future development and growth programmes, and recovers its original traits and the universe of reference values.
25 May 2012
Italy’s Presidency of the Council of Ministers approves the decree (DPCM) defining the methods and terms of Snam’s ownership unbundling from Eni. According to the decree, Eni has to sell at least a 25.1% stake to Cassa Depositi e Prestiti (CDP) and subsequently the residual portion in Snam’s capital through transparent and non-discriminatory sales procedures.
3 August 2012
Snam and Fluxys, Belgian partner in gas transmission, sign a Memorandum of Understanding for developing and marketing reverse flow capacities from south to north between Italy and the UK. With this Memorandum of Understanding, both companies enhance their cooperation in the spirit of the EU Third Energy Package for a further integration of European gas markets.
15 October 2012
Cassa Depositi e Prestiti completes the closing of the acquisition of 30% minus one share of the voting capital of Snam held by Eni. Consequently to the sale, Snam is no longer subject to the control and management and coordination of Eni and operates under ownership unbundling in compliance with the provisions of DPCM of 25 May 2012.
30 July 2013
In the context of the energy infrastructure integration at European level, the consortium formed by Snam (45%), the Singapore sovereign wealth fund GIC (35%) and EDF (20%) complete the acquisition from Total of TIGF (Transport et Infrastructures Gaz France), a company active in the transport and storage of natural gas in the South West of France.
19 December 2014
Snam acquires from CDP Gas S.r.l. 84.47% (equivalent to 89.22% of the economic rights) of Trans Austria Gasleitung GmbH (TAG), the company that owns the Austrian section of the gas pipeline linking Russia and Italy: in line with the international development strategy launched in 2012, the transaction strengthens Snam’s role in Europe’s East-West energy corridor, with a view to ever deeper integration of the continent’s gas networks.
17 December 2015
Snam has completed the acquisition of the 20% interest held by Statoil Holding Netherlands B.V. in the Trans Adriatic Pipeline AG (TAP).
TAP is the company established for the purpose of developing the Trans Adriatic Pipeline project, spanning from the Turkey-Greece border to Italy along the South Corridor. The project will allow gas produced from Shah Deniz II in Azerbaijan to flow to European markets &ndash. This will reinforce the leading role of Italy’s infrastructure in strengthening security of supply and boosting competition among supply sources, for the benefit of the entire European gas system.
27 April 2016
Snam’s Board of Directors, chaired by Carlo Malacarne, appointed Marco Alverà as Chief Executive Officer.
29 June 2016
Snam’s Board of Directors approved the separation of Italgas from Snam by means of a unitary and substantially simultaneous transaction that includes, inter alia, the partial and proportional demerger and, subsequently, the listing of the shares of the newly incorporated beneficiary company of the demerger, which will directly hold the entire share capital of Italgas, on the Mercato Telematico Azionario (MTA) of Milan.
21 July 2016 - 11:55 CEST