Published by Global Banking & Finance Review®
Posted on December 23, 2024
1 min readLast updated: January 27, 2026
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Italy's antitrust agency is probing Snam's acquisition of Edison's gas storage unit, focusing on potential competition restrictions.
ROME (Reuters) - Italy's antitrust agency (AGCM) said on Monday it had opened an investigation into Edison's sale of its gas storage unit to gas grid operator Snam.
AGCM said in its weekly bulletin it would probe whether the deal could significantly restrict competition "by strengthening Snam's dominant position in the gas storage market."
When the two companies announced in July the deal for the three gas storage sites, they said it was worth up to 630 million euros ($656.52 million).
($1 = 0.9596 euros)
(Reporting by Cristina Carlevaro, Alvise Armellini, editing by Cristina Carlevaro)
The main topic is Italy's antitrust investigation into the Snam-Edison gas storage deal.
The deal is under investigation to assess if it restricts competition by enhancing Snam's market dominance.
The deal is valued at up to 630 million euros.
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