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Stock market, Italgas weighs on Snam

At the start of trading, Snam's share is the worst of the Ftse Mib - The news arrived on Saturday about the subsidiary Italgas, under receivership for six months, weighs on the shares - The Court of Palermo notified the gas distribution company of the Snam group of the preventive measure judicial administration based on anti-mafia laws.

At the opening of the session, while the Ftse Mib scored a rise of 0,67%, Snam travels down by more than one percentage point (to 4,362 euros), signaling itself as the worst stock of the main index of Borsa Italiana.

The news that arrived on Saturday about the subsidiary weighs on the shares Italgas, commissioned for six months. The Court of Palermo notified the gas distribution company of the Snam group of the preventive judicial administration measure based on the anti-mafia laws relating to "contractual relationships with certain suppliers". 

Snam ensured maximum collaboration with the authorities, explaining that "the provision provides that the powers of administration of the assets of Italgas are conferred to the collective administrative body designated by the Court".

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