Tag: Lorenzo Bini Smaghi

Snam’s Board approves acquiring stake in TAG

Snam's Board of Directors, under Chairperson Lorenzo Bini Smaghi, approved the acquisition of the stake held by CDP GAS, a fully owned subsidiary of Cassa Depositi e Prestiti (CDP) in Trans Austria Gasleitung (TAG), for a total amount of EUR 505M.   The transaction is in line with Snam’s international development strategy and further strengthens the company’s role amongst infrastructure operators in Europe.