Snam acquires 24.99% of Open Grid Europe for €920mn to strengthen European foothold
Italian group Snam will acquire nearly a quarter of Open Grid Europe for €920mn, expanding its gas infrastructure presence in Germany, subject to regulatory approvals expected by the third quarter of 2025.
| Countries | Émirats Arabes Unis, Italie, Luxembourg |
|---|---|
| Companies | Snam |
| Sector | Gaz |
| Theme | Investissements & Transactions, Investissement entreprise |
Snam S.p.A., the leading Italian gas infrastructure operator, has signed a share purchase agreement with Infinity Investments, a wholly owned entity of the Abu Dhabi Investment Authority, to acquire a 24.99% stake in Vier Gas Holding S.à r.l., a Luxembourg-based company that owns 100% of Open Grid Europe GmbH. The deal is valued at €920mn, according to a statement released on 7 April.
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