SNAM S.p.A. (IT:SRG) has released an update.
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VTTI and Snam have successfully completed their acquisition of Adriatic LNG, Italy’s largest LNG terminal, with VTTI holding a 70% stake and Snam 30%. This acquisition aims to enhance energy security and diversification in Italy, aligning with VTTI’s strategy to expand its role in sustainable energy sources. The move also strengthens Snam’s position as a major operator in the European LNG market.
For further insights into IT:SRG stock, check out TipRanks’ Stock Analysis page.
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