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SRG: Acquisition of a 24.99% stake in Germany's top gas network boosts pan-European energy strategy
SRG: Acquisition of a 24.99% stake in Germany's top gas network boosts pan-European energy strategy
About this update from Snam S.p.a.
A 24.99% stake in Viergas Holdings, owner of Germany's largest gas network, is being acquired for EUR 920 million to strengthen a pan-European energy infrastructure strategy. The deal is expected to close in Q3 2025, deliver 2%-3% net income accretion, and enhance positioning in hydrogen and CO2 transport, with robust regulatory and financial frameworks supporting long-term growth.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.