Snam SpA MIL:SRG:
SIGNS AGREEMENT TO ACQUIRE 24.99% OF OPEN GRID EUROPE
DEAL HAS AN EQUITY VALUE OF 920 MILLION EUROS
TRANSACTION TO BE COMPLETED BY Q3 2025, SUBJECT TO CONDITIONS
AGREED TO SELL TO FLUXYS A STAKE OF APPROXIMATELY 0.5% OF SHARE CAPITAL OF VGH, WHICH INDIRECTLY OWNS ENTIRE SHARE CAPITAL OF OPEN GRID EUROPE
SNAM AND FLUXYS WILL HOLD A SUBSTANTIALLY EQUAL SHAREHOLDING IN VGH