Edison and Snam announce the start of exclusive negotiations for the purchase and sale of 100% of Edison Stoccaggio, following the competitive bidding process started in October 2023 on Edison’s subsidiary.

Edison Stoccaggio contributes to the security of Italy’s energy system through three natural gas storage facilities located in Cellino (Teramo), Collalto (Treviso) and San Potito e Cotignola (Ravenna), with a total storage capacity of about 1 billion cubic metres per year.

The market will be duly informed about the possible conclusion of the negotiations.

About Edison

Edison is the oldest energy company in Europe, with more than 135 years of records, and is one of the leading operators in Italy with activities in the procurement, production and sale of power and natural gas and in energy and environmental services. The company is at the forefront of the energy transition challenge, through the development of renewable and low-carbon generation, energy efficiency services and sustainable mobility, in full agreement with the National Integrated Energy and Climate Plan (PNIEC) and the objectives defined by the European Green Deal. Edison has a highly flexible and efficient power generation park, consisting of 200 power plants including hydroelectric, wind, solar and highly efficient gas-fired combined-cycle thermoelectric plants. The Group's total net installed capacity is 6.5 GW. Today it operates in Italy and Europe, employing over 4,000 people.

About Snam

Snam is one of the world’s leading energy infrastructure operators and ranks among Italy’s largest listed companies, by market capitalization. Through a sustainable and technologically advanced network, Snam guarantees the security of supply and is a key enabler in the energy transition. Through its international footprint Snam operates in Albania (AGSCo), Austria (TAG, GCA), France (Teréga), Greece (DESFA), Italy, UAE (ADNOC Gas Pipelines) and UK (Interconnector UK) and has recently started activities in China and India. Snam is also one of the leading shareholders in TAP (Trans Adriatic Pipeline).

Since 2001 Snam is a public company, listed in the FTSE MIB index of the Italian Stock Exchange.