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Saturday, September 13, 2025

Italy’s Snam Plans to Delay Open Grid Europe Deal, Sole Says

 


Snam SpA’s purchase of a stake in German gas network operator Open Grid Europe from Abu Dhabi’s Infinity Investments is unlikely to close this month as planned, Il Sole 24 Ore reported.

The €920 million ($1.1 billion) deal, signed in April under ex-CEO Stefano Venier, is being reviewed by the new management led by Agostino Scornajenchi, the paper said.

https://www.bloomberg.com/news/articles/2025-09-13/italy-s-snam-plans-to-delay-open-grid-europe-deal-sole-says

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