The Snam Group, consisting of Snam S.p.A., the consolidating company, and its subsidiaries (hereafter referred to as “Snam”, the “Snam Group” or the “Group”), is an integrated group at the forefront of the regulated gas sector and a major player in terms of its regulatory asset base (RAB) in the sector. Since 7 November 2016, after the separation of the natural gas distribution business in Italy from Snam S.p.A. took effect, Snam has had a presence nationally, through three wholly-owned operating companies, in the natural gas transportation and dispatching business, regasification of liquefied natural gas and natural gas storage. Snam operates in Europe’s major energy corridors through agreements with and equity investments in the leading industry players.
Snam S.p.A. is a joint-stock company incorporated under Italian law and listed on the Milan Stock Exchange, with registered offices at 7, Piazza Santa Barbara, San Donato Milanese (MI).
The Shareholder CDP S.p.A. declared, with effect from the financial statements as at 31 December 2014, that it had control over Snam S.p.A. within the meaning of accounting standard IFRS 10 – “Consolidated Financial Statements”. No management and coordination activity has been formalised or exercised.
At 31 December 2016 CDP S.p.A. owns, via CDP Reti S.p.A. and CDP GAS S.r.l., respectively, 28.98% and 1.12% of the share capital of Snam S.p.A.