SNAM AND IREN GROUP: AGREEMENT ON THE SHARE OF THE OLT REGASIFICATION TERMINAL
(WorldNews Italy)

Snam will acquire 49.07% of the share capital of OLT, and take joint control of the terminal with First State Investments San Donato Milanese (MI), Reggio Emilia, 20 September 2019 - Snam and the Iren Group have signed an agreement related to Snam`s acquisition of the 49.07% stake in the share capital of OLT (Offshore LNG Toscana), the company which has built and manages the offshore regasification terminal (FSRU - Floating Storage and Regasification Unit) located about 22 km off the Tuscan coast between Livorno and Pisa. The agreement provides for an assessment of approximately 400 million euro for...