Snam

Regulatory Filings • Nov 14, 2025

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Informazione Regolamentata n. 0542-94-2025

Data/Ora Inizio Diffusione 14 Novembre 2025 22:36:35 Euronext Milan

Societa' : SNAM

Identificativo Informazione

Regolamentata

: 212026

Utenza - referente : SNAMN05 - Pezzoli Francesca

Tipologia : 2.2

Data/Ora Ricezione : 14 Novembre 2025 22:36:35

Data/Ora Inizio Diffusione : 14 Novembre 2025 22:36:35

Oggetto : Snam and ADIA terminate agreement relating

to Open Grid Europe stake

Testo del comunicato

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Snam and ADIA terminate agreement relating to Open Grid Europe stake

San Donato Milanese (Milan), 14 November 2025 - Snam and Infinity Investments, a wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA"), have agreed today to terminate the agreement signed on 7 April 2025 for the acquisition by Snam of the 24.99% stake in Open Grid Europe ("OGE") held by Infinity Investments.

The transaction's completion was subject to, among other things, Snam obtaining the necessary foreign direct investment ("FDI") approval by the relevant German Authority.

This decision has been taken after a long FDI procedure, and formal interactions with the relevant authorities, during which the parties have learned that the remedies offered by Snam to facilitate the FDI approval have been deemed not sufficient by the relevant authorities.

The termination of the agreement will not impact on the Full-Year 2025 guidance announced last 5 November, in terms of Adj Net Income and Net Debt, respectively at ~1.42 billion euros and ~18 billion euros.

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Fine Comunicato n.0542-94-2025 Numero di Pagine: 3