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    Home > Finance > Italy's antitrust opens probe into Snam-Edison gas storage deal
    Finance

    Italy's antitrust opens probe into Snam-Edison gas storage deal

    Published by Global Banking & Finance Review®

    Posted on December 23, 2024

    1 min read

    Last updated: January 27, 2026

    This image depicts Italy's Prime Minister Giorgia Meloni, emphasizing the government's demand for transparency from UniCredit regarding its takeover bid for Banco BPM. The article explores the implications of golden power rules in the finance sector.
    Italy's Prime Minister Meloni discusses UniCredit's BPM bid - Global Banking & Finance Review
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    Quick Summary

    Italy's antitrust agency is probing Snam's acquisition of Edison's gas storage unit, focusing on potential competition restrictions.

    Italy Investigates Snam-Edison Gas Storage Agreement

    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)

    Key Takeaways

    • •Italy's antitrust agency is investigating the Snam-Edison gas storage deal.
    • •The deal is valued at up to 630 million euros.
    • •AGCM is concerned about competition in the gas storage market.
    • •The investigation focuses on Snam's potential market dominance.
    • •The deal was announced in July by both companies.

    Frequently Asked Questions about Italy's antitrust opens probe into Snam-Edison gas storage deal

    1What is the main topic?

    The main topic is Italy's antitrust investigation into the Snam-Edison gas storage deal.

    2Why is the deal under investigation?

    The deal is under investigation to assess if it restricts competition by enhancing Snam's market dominance.

    3What is the value of the Snam-Edison deal?

    The deal is valued at up to 630 million euros.

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