Business
SNAM Signs Agreement To Acquire 24.99% Of Open Grid Europe
SNAM Signs Agreement To Acquire 24.99% Of Open Grid Europe
About this update from Snam S.p.a.
Snam SpA MIL:SRG:SIGNS AGREEMENT TO ACQUIRE 24.99% OF OPEN GRID EUROPEDEAL HAS AN EQUITY VALUE OF 920 MILLION EUROSTRANSACTION TO BE COMPLETED BY Q3 2025, SUBJECT TO CONDITIONSAGREED TO SELL TO FLUXYS A STAKE OF APPROXIMATELY 0.5% OF SHARE CAPITAL OF VGH, WHICH INDIRECTLY OWNS ENTIRE SHARE CAPITAL OF OPEN GRID EUROPESNAM AND FLUXYS WILL HOLD A SUBSTANTIALLY EQUAL SHAREHOLDING IN VGH