Snam to acquire a $49.9% stake in TTPC and TMPC gas pipelines from Eni for $434m.

Snam, an energy infrastructure operator, agreed to acquire a $49.9% stake in TTPC and TMPC gas pipelines from Eni, an energy company, for $434m. "This transaction allows us to free up new resources to be used on our energy transition path, while at the same time maintaining the management of a strategic infrastructure with Snam to ensure the security of natural gas supply to the country. Gas will play a key role in the transition of energy systems to zero-emission models, and it is important to maintain the availability and diversification of supply routes for this resource," Claudio Descalzi, Eni CEO.