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Cdp, in line with what approved by the Board of Directors on 30 May 2012, has formalized the contract for the acquisition of 30% less one share of the outstanding shares of Snam Spa.
The agreement is based on a fixed price per Snam share of euro 3.47 per share, for a total price of euro 3.517 billion.
The transfer of ownership of the Snam shares to Cdp is subject to certain conditions precedent including, in particular, antitrust approval, with the closing expected in mid- October 2012.
Rome, 15 June 2012