Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. Snam S.p.A.
  6. News
  7. Summary
    SRG   IT0003153415

SNAM S.P.A.

(SRG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Italy to discuss KKR's move on TIM after binding bid, minister says

11/24/2021 | 01:35pm EST
FILE PHOTO: The Tim logo is seen at its headquarters

ROME (Reuters) - The Italian government will discuss KKR's takeover approach on Telecom Italia (TIM) when the U.S. fund makes a binding proposal, Industry Minister Giancarlo Giorgetti said on Wednesday.

The debt-laden former Italian phone monopoly has received a 10.8 billion euro ($12 billion) approach from KKR aimed at taking Italy's biggest phone group private.

Rome has special anti-takeover powers to shield companies deemed of strategic importance from foreign bids.

"It is too early to talk about that," Giorgetti said during a parliamentary hearing, adding the government would look carefully at KKR's plans concerning the company infrastructure assets and jobs.

KKR's move is conditional on the government's backing and comes as a boardroom war rages at TIM, whose biggest shareholder, French media group Vivendi with a 24% stake, has said it deems the bid too low.

Speculation that KKR could raise its bid to win Vivendi's approval pushed TIM shares as much as 17% higher on Wednesday to a 21-month peak.

More than 25% of Telecom Italia voting capital has changed hands this week.

Vivendi is pushing for TIM's Chief Executive Luigi Gubitosi to be replaced after two profit warnings since July, sources have said, and the matter could be discussed at a board meeting on Friday.

Italy's main telecom unions called for a greater presence of the state in TIM, blaming Vivendi for creating tensions within the company.

State-owned holding company Cassa Depositi Prestiti is TIM's second biggest shareholder with a 10% stake.

(Reporting by Giulia Segreti, Giuseppe Fonte and Elvira Pollina; Editing by Cristina Carlevaro, Louise Heavens and Jan Harvey)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
SNAM S.P.A. -0.04% 5.162 Delayed Quote.8.50%
TELECOM ITALIA S.P.A. -1.44% 0.4514 Delayed Quote.21.36%
TERNA S.P.A. 0.41% 6.792 Delayed Quote.5.15%
VIVENDI SE 0.80% 11.4 Real-time Quote.-57.13%
All news about SNAM S.P.A.
04:42aSNAM : included in the Climate Change "A- List" by CDP (formerly the Carbon Disclosure Pro..
PU
12/03SNAM S P A : Notice publication of documents
PU
12/02SNAM S P A : buys 25% stake in the "Peace Gas Pipeline" from Thai company PTTER
PU
12/02Snam S.p.A. completed the acquisition of a 25% stake in East Mediterranean Gas S.A.E. f..
CI
12/01Eni - University and Companies team up for research into hydrogen, a key resource in th..
AQ
11/30Italy's Eni Partners With Companies, Universities To Launch Hydrogen Research Program
MT
11/30SNAM S P A : 2030 Vision and 2021-25 Plan (Transcript)
PU
11/29SNAM S P A : 2030 Vision and 2021-25 Plan (PDF)
PU
11/29Snam eyes 23 bln euro investments to speed green drive
RE
11/29SNAM : increased investments in the 2021-2025 plan with significant growth opportunities t..
PU
More news
Analyst Recommendations on SNAM S.P.A.
More recommendations
Financials
Sales 2021 2 980 M 3 360 M 3 360 M
Net income 2021 1 176 M 1 326 M 1 326 M
Net Debt 2021 13 986 M 15 771 M 15 771 M
P/E ratio 2021 14,4x
Yield 2021 5,06%
Capitalization 16 881 M 18 976 M 19 036 M
EV / Sales 2021 10,4x
EV / Sales 2022 10,6x
Nbr of Employees 3 388
Free-Float 60,2%
Chart SNAM S.P.A.
Duration : Period :
Snam S.p.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SNAM S.P.A.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Last Close Price 5,16 €
Average target price 5,17 €
Spread / Average Target 0,23%
EPS Revisions
Managers and Directors
Marco AlverÓ Chief Executive Officer & Director
Alessandra Pasini Chief Financial Officer
Nicola Bedin Chairman
Claudio Farina Executive VP-Digital Transformation & Technology
Rozemaria Bala Secretary, Head-Governance, Risk & Compliance
Sector and Competitors
1st jan.Capi. (M$)
SNAM S.P.A.8.50%19 045
ENBRIDGE INC.17.64%76 541
ENTERPRISE PRODUCTS PARTNERS L.P.7.35%45 956
TC ENERGY CORPORATION14.07%45 116
KINDER MORGAN, INC.18.73%35 780
THE WILLIAMS COMPANIES, INC.36.26%33 195