The Snam Group, consisting of Snam S.p.A. 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 segment (natural gas transportation and dispatching, liquefied natural gas regasification and storage) and a major player in terms of its regulatory asset base (RAB)26 in the sector.
The parent company, 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).
At the date these condensed interim consolidated financial statements were prepared, CDP S.p.A. holds27 30.1% of the share capital of Snam S.p.A. through CDP Reti S.p.A. No management and coordination activity has been formalised or exercised.
26 The term RAB (Regulatory Asset Base) refers to the value of net invested capital for regulatory purposes, calculated on the basis of the rules defined by the Electricity, Gas and Water Authority (the Authority) for determining base revenues for the regulated businesses.
27 CDP S.p.A. holds 59.10%.