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The Snam Board of Directors, which met yesterday chaired by Nicola Bedin, approved the Consolidated Interim Financial Report as at 30 June 2020 (subject to a limited audit of the accounts).
Snam: first half 2020 results in line with 1H 2019, increased investments and net profit guidance confirmed despite the impacts of COVID-19
Baker Hughes and Snam announced today they have successfully completed testing of the world’s first “hybrid” hydrogen turbine designed for a gas network.
The consortium made up of Snam and the investment funds Global Infrastructure Partners (GIP), Brookfield Asset Management, GIC (the sovereign wealth fund of Singapore), Ontario Teachers’ Pension Plan and NH Investment & Securities, following the occurrence of all the suspensive conditions set, today completed the acquisition of 49% of ADNOC Gas Pipeline Assets LLC (ADNOC Gas Pipelines) from The Abu Dhabi National Oil Company (ADNOC), announced on 23 June.
Snam: acquisition of 49% of ADNOC Gas Pipelines in consortium with five international funds completed
Snam reports a change in share capital (fully paid up) following the cancellation of 33,983,107 treasury shares in its portfolio, without reducing share capital, resolved by the Extraordinary Shareholders’ Meeting held on 18 June 2020.
The transaction - amongst the world’s most important, in the sector - is aimed at the acquisition of 49% of ADNOC Gas Pipelines, a company controlled by ADNOC with an enterprise value of $ 20.7 bln, which manages the infrastructure that connects the production sites to the network and export terminals.
Snam: in consortium with five international funds signs agreement with ADNOC to enter the UAE networks
The new initiative is in line with Italy’s priorities for combating climate change, improving air quality and creating green areas. The company will leverage CDP’s economic skills and territorial roots and will benefit from Snam’s expertise, which in the last ten years has carried out reforestation for over 1 million trees.
CDP and Snam to found a benefit corporation dedicated to reforestation and CO2 absorption in Italy, with the aim of planting 3 million trees by 2030
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updated
05 August 2016 - 16:45 CEST
05 August 2016 - 16:45 CEST