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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Snam SpA | BIT:SRG | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.044 | 1.03% | 4.309 | 4.30 | 4.35 | 4.35 | 4.266 | 4.294 | 9,328,447 | 17:00:00 |
From May 2019 to May 2024
By Neanda Salvaterra
MILAN--Italy-based Snam S.p.A, a natural-gas distribution company, said Wednesday it will spin off its domestic-gas-distribution arm, Italgas.
Snam will retain a 13.5% stake in the new company, and existing Snam shareholders will receive a portion of the shares in the new entity. Snam said the new company will list on the Milan stock exchange by the end of 2016.
Snam's board has called a shareholders' meeting on Aug. 1 to approve the transaction.
Write to Neanda Salvaterra at Neanda.Salvaterra@wsj.com
(END) Dow Jones Newswires
June 29, 2016 03:31 ET (07:31 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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