Italy’s Snam Plans to Delay Open Grid Europe Deal, Sole Says

A turbine during routine maintenance at the Messina Compressor Station, operated by Snam SpA, in Gallese, Italy. — A turbine during routine maintenance at the Messina Compressor Station, operated by Snam SpA, in Gallese, Italy.
Photographer: Alessia Pierdomenico/Bloomberg

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By Daniele Lepido

September 13, 2025 at 8:05 AM UTC

Snam SpA’s purchase of a stake in German gas network operator Open Grid Europe from Abu Dhabi’s Infinity Investments is unlikely to close this month as planned, Il Sole 24 Ore reported.

The €920 million ($1.1 billion) deal, signed in April under ex-CEO Stefano Venier, is being reviewed by the new management led by Agostino Scornajenchi, the paper said.