UDPATE: Snam Rete Gas: GDF Suez Pulls Out Of Romana Gas Deal
July 21 2009 - 2:28PM
Dow Jones News
France's GDF Suez SA (SZE.FR) has pulled out of a deal to buy
gas company Romana Gas from Italgas, a unit of Snam Rete Gas
(SRG.MI), Snam Rete Gas said Tuesday without providing a
reason.
The contract for GDF Suez to buy Romana Gas, which supplies gas
to the Rome metropolitan area, was signed Oct. 30, 2008, Snam Rete
Gas said. A GDF Suez spokesman said he had no comment.
GDF Suez is in talks with its Italian partner Acea SpA about
forging closer ties, an executive at GDF Suez said in April. The
two companies want to set up a joint venture for gas in Italy,
Acea's CEO Giancarlo Cremonesi said at a press conference in June.
At the time, Cremonesi said he expectation a "clarification" in the
talks in July.
"We are continuing discussions with Acea on the re-organization
of GDF Suez's Italian operations," a GDF Suez spokesman said
Tuesday.
Snam Rete Gas said it was examining the contract and reserves
the right to take measures to protect its rights.
Snam Rete Gas is 52.5%-owned by Eni SpA (E).
-By Jennifer Clark, Dow Jones Newswires; 39 02 58 21 9904;
jennifer.clark@dowjones.com
(with reporting by Will Horobin in Paris)
Acea (BIT:ACE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Acea (BIT:ACE)
Historical Stock Chart
From Jul 2023 to Jul 2024