Snam, Venier: M&A if opportunities arise in Italy

Snam Venier MA if opportunities arise in Italy

(Tiper Stock Exchange) – snam may consider theBUT “if non-organic opportunities arise in the gas infrastructure business with a clear focus on national market“. He stated this Stefano Veniermanaging director of snamanswering analysts’ questions during the presentation to the financial community of the new 2022-2026 strategic plan, which envisages total investments of 10 billion euros (a 23% increase compared to the 2021-2025 plan).

“We have only small acquisitions currently underway in the biomethane business area, which are part of the pipeline launched in 2022 and which will be continued in 2023, but are really marginal compared to the numbers we presented”, the CEO pointed out.

To a question about the possibility that Snam is interested in the storage capacity of EdisonVenier said that “the answer is obvious: aIt would make sense to achieve synergiesbut a lot depends on the decisions that EDF extension And Edison they will make, so we will follow these decisions carefully.”

Responding to a question about the style of the new management, given that it is the first floor for the CEO and the CFO, Venier said: “I wanted to be very pragmatic and concrete. A key number that comes to mind in this regard is that 55% of the plan has already been approved and therefore there is no doubt that these investments will be implemented.”

The manager stressed the need to “relaunch Italy’s role in the European energy context“. An assist comes from the so-called “counter-flow, an aspect that was less important in the past”. “In the future this will represent an opportunity that we will seize more and more – he explained – We consider this flow towards the North as something that will increase”.

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