Snam is engaged in the construction and integrated management of natural gas infrastructure. It manages the gas systems, develops infrastructure and provides integrated services for the market. Co. is also engaged in natural gas transportation, storage, regasification and urban distribution. Co. manages a national transportation network, including eight storage facilities, one regasification plant and a local distribution network.
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SNAM SPA (IT), a company active in the Gas Distribution industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date July 3, 2020, the closing price was EUR 4.39 and its expected value was estimated at EUR 4.28.
In item 1 of the extraordinary session, the Board of Directors requests the authorization to cancel up to maximum 129'164'660 treasury shares (3.8%). The maximum number of shares to be cancelled is reasonable, and the cancellation of treasury shares will have no effects on existing shareholders' rights. However, in light of the Covid-19 pandemic, ECGS believes that a re-issue of treasury shares is much more advisable to allow the Company to better face expected macroeconomic difficulties. The net proceeds from the sale of treasury shares might be used, for instance, to reduce the Company's net...
Snam S.p.A. is an Italian energy infrastructure company.As of 31 December 2018, it had a market capitalization of €12.6 billion. Snam was originally a subsidiary of Italian energy company Eni. It has since become an independent company, whose largest shareholder is CDP Reti, a holding company controlled by the Italian state. The utility operates in Italy and, through associated companies, in Austria, France, United Kingdom, in Albania (AGSCo), Austria (TAG and GCA), France (TerÄ“ga), Greece (DESFA) and the United Kingdom (Interconnector UK). It is one of the main shareholders of TAP (Trans Adr...
Rating Action: Moody's upgrades Pomona USD's GOs to Aa3 from A1; outlook is stable. Global Credit Research- 18 Sep 2020. New York, September 18, 2020-- Moody's Investors Service has upgraded Pomona Unified School District's general obligation rating to Aa3 from A1, affecting $281.3 million in outstanding debt.
Rating Action: Moody's downgrades Gavilan Joint CCD, CA to Aa3 from Aa2; outlook revised to stable from negative. Global Credit Research- 18 Sep 2020. New York, September 18, 2020-- Moody's Investors Service has downgraded Gavilan Joint Community College District, CA's general obligation credit rating to Aa3 from Aa2 and assigned Aa3 ratings to the district's $45 million Election of 2018 General Obligation Bonds, Series B, $60 million Election of 2018 General Obligation Bonds,...
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