Investment Summary

Snam Invests In Iniziative Biometano

On May 7, 2020, Snam invested in renewable energy company Iniziative Biometano

Investment Highlights
  • This is Snam’s 1st transaction in the Renewable Energy sector.
  • This is Snam’s 1st transaction in Italy.

Investment Summary

Date 2020-05-07
Target Iniziative Biometano
Sector Renewable Energy
Investor(s) Snam
Deal Type Stake Purchase

Target

Iniziative Biometano

Padua , Italy
Iniziative Biometano S.p.A. operates in the management of biogas and biomethane plants fuelled with biomass of agricultural origin. Iniziative Biometano is based in Padua, Italy.

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Investor(S) 1

Investor

Snam

San Donato Milanese, Italy

Category Company
Founded 1941
Sector Energy Services and Equipment
Employees3,797
Revenue 3.5B EUR (2024)
DESCRIPTION

Snam provides in the construction and integrated management of natural gas infrastructure. Snam is active in natural gas transportation (Snam Rete Gas), storage (Stogit) and regasification (Gnl Italia). It manages a national transportation network that is more than 32,500 kilometers long, including 9 storage sites, and1 regasification plant. Additionally, through associated companies Snam operates in Austria (TAG and GCA), France (TIGF), United Kingdom (Interconnector UK) and it is shareholder of the TAP project. Snam was founded in 1941 and is based in San Donato Milanese, Italy.


DEAL STATS #
Overall 2 of 3
Sector: Renewable Energy M&A 1 of 1
Type: Stake Purchase M&A Deals 2 of 3
Country: Italy M&A 1 of 2
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 Gas Connect Austria

Vienna, Austria

Gas Connect Austria GmbH operates an approximately 900 km long natural gas high-pressure pipeline grid in Austria and markets transportation capacity to meet domestic natural gas demand and support export to Europe.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Industrie De Nora

Milan, Italy

Industrie De Nora S.p.A is a designer, manufacturer and supplier of electrodes, coatings and complete electrochemical solutions to serve diversified markets. Industrie De Nora is based in Milan, Italy.

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