Snam’s Malacarne Doesn’t Expect Other Deals After Fluxys in 2012

Snam SpA Chief Executive Officer Carlo Malacarne said in an interview that he doesn’t expect other “deals” this year after a parternship with Fluxys SA.

“There could be other acquisitions of stakes in the Interconnector subsea gas pipeline,” Malacarne said on the sidelines of the company’s analyst presentation in San Donato Milanese, Italy today.

Snam has an agreement with a consortium of companies including Fluxys, which bid for EON AG’s gas assets, he said at a press conference. He added that Snam didn’t make an offer for those EON assets and expects the sale to be completed by the end of the year.

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