Brief: Snam Starts ABB To Sell Portion Of Option Rights In Context Of Italgas Capital Increase
29/05/2025 17:50
May 29 (Reuters) - Snam SpA SRG.MI STARTS ACCELERATED BOOKBUILDING FOR ITS OPTION RIGHTS IN CONTEXT OF ITALGAS CAPITAL INCREASE ABB FOR UP TO AROUND 83.6 MILLION OF OPTION RIGHTS OUT OF A TOTAL OF APPROXIMATELY 109 MILLION ABB RESERVED TO INSTITUTIONAL INVESTORS, IN PLACEMENT CONTEXT, FOR 90-DAY PERIOD STARTING FROM CLOSING DATE OF PLACEMENT, SNAM HAS COMMITTED NOT TO SELL, OFFER, DISPOSE OF ITALGAS SHARES SETTLEMENT EXPECTED ON JUNE 4 Further company coverage: SRG.MI (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48587696600;))