financetom
Technology
financetom
/
Technology
/
Italy's antitrust opens probe into Snam-Edison gas storage deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Italy's antitrust opens probe into Snam-Edison gas storage deal
Dec 23, 2024 12:12 AM

ROME (Reuters) - Italy's antitrust agency (AGCM) said on Monday it had opened an investigation into Edison's sale of its gas storage unit to gas grid operator Snam.

AGCM said in its weekly bulletin it would probe whether the deal could significantly restrict competition "by strengthening Snam's dominant position in the gas storage market."

When the two companies announced in July the deal for the three gas storage sites, they said it was worth up to 630 million euros ($656.52 million).

($1 = 0.9596 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Forecasting The Future: 15 Analyst Projections For T-Mobile US
Forecasting The Future: 15 Analyst Projections For T-Mobile US
Mar 3, 2025
Ratings for T-Mobile US ( TMUS ) were provided by 15 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish...
Arista Networks Options Trading: A Deep Dive into Market Sentiment
Arista Networks Options Trading: A Deep Dive into Market Sentiment
Mar 3, 2025
Deep-pocketed investors have adopted a bearish approach towards Arista Networks ( ANET ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ANET usually suggests something big is about to happen. We gleaned this information...
What Analysts Are Saying About Apple Stock
What Analysts Are Saying About Apple Stock
Mar 3, 2025
In the latest quarter, 25 analysts provided ratings for Apple ( AAPL ) , showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent...
US senator asks Rubio to answer questions on planned Tesla Cybertruck purchase
US senator asks Rubio to answer questions on planned Tesla Cybertruck purchase
Mar 3, 2025
WASHINGTON, March 3 (Reuters) - Democratic Senator Richard Blumenthal on Monday asked U.S. Secretary of State Marco Rubio to answer questions about a reported plan to spend $400 million to purchase armored versions of Tesla Cybertrucks to transport diplomats. Blumenthal said the State Department has publicly stated the contract was planned during the Biden administration and the Trump administration canceled...
Copyright 2023-2025 - www.financetom.com All Rights Reserved