Snam taking 33% stake in De Nora to strengthen position in hydrogen technologies
Green Car Congress
NOVEMBER 21, 2020
Italy-based global energy infrastructure operator Snam signed an agreement with funds managed by Blackstone Tactical Opportunities for the purchase of a strategic stake of approximately 33% in Industrie De Nora S.p.A., a global supplier of clean energy and water treatment technologies, based on a 100% enterprise value of approximately €1.2 billion. The acquisition, whose completion is scheduled for the first quarter of 2021 after the relevant antitrust clearances, will be undertaken with own fun
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