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Ownership structure

The parent company Snam, listed on the Milan Stock Exchange, controls the four main operating companies, Snam Rete Gas, GNL Italia, Stogit and Italgas, which are respectively responsible for natural gas regasification, transportation, storage and distribution. These activities are regulated by the Italian Electricity and Gas Authority. Snam provides its subsidiaries with strategic guidance and coordination and control management, and services relating to unbundling legislation.

CDP’s entry to Snam’s share capital as the reference shareholder in 2012 was not only a significant milestone in the Company’s history, but also enabled Snam to consolidate its business development plans in Italy and Europe, while safeguarding the public service aspects of its activities and ensuring full independence of the gas transportation network operations from the vertically integrated business.

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