Snam launches De Nora stake sale and Snam stock gains 1.44 percent

Published on 10/02/2026 at 17:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Snam launched a 5.00 percent De Nora sale on September 21, 2026. Snam stock costs EUR 5.62 on October 2, 2026 after EUR 5.54, plus 1.44 percent.

Editorial-Szene eines Börsenparketts mit Energiesektor-Kursdiagrammen — Snam S.p.A. (IT0003153415) notiert an der Mailänder Börse, dargestellt als Editorial-Szene mit Energie-Kursdiagrammen, Illustration mit AI erstellt.

Snam (ISIN IT0003153415) was trading at EUR 5.62 at Lang & Schwarz on October 2, 2026 at 5:11 p.m. CEST, up 1.44 percent versus the prior close of EUR 5.54. On September 21, 2026, Snam launched the sale of a 5.00 percent stake in Industrie De Nora, according to MarketScreener.

De Nora sale supports asset rotation

The transaction covers 10 million Industrie De Nora ordinary shares and is reserved for institutional investors, MarketScreener reported on September 21, 2026. Snam said the disposal forms part of its asset rotation program, redirecting capital toward its gas infrastructure platform and integrated energy strategy.

The latest market reaction gives the transaction a measurable backdrop: the Lang & Schwarz price gained 1.44 percent from EUR 5.54 to EUR 5.62 on October 2, 2026. Snam's market capitalization stood at EUR 21.8 billion on September 22, 2026.

Half-year results keep targets intact

Snam's first-half 2026 adjusted EBITDA reached EUR 1,572.0 million, up 5.00 percent from the same period of 2025, while adjusted net income was EUR 733.0 million, down 2.00 percent year over year, according to Yahoo Finance on July 29, 2026.

Management confirmed adjusted net income above EUR 1,450.0 million for full-year 2026 and upgraded net debt guidance from EUR 19.0 billion to EUR 18.9 billion, the transcript said. The comparison matters because earnings growth remained positive at the EBITDA level even as adjusted net income declined.

UBS target remains above the quote

UBS upgraded Snam from Neutral to Buy on September 10, 2026, while trimming its price target from EUR 6.70 to EUR 6.60, according to Investing.com. Against the EUR 5.62 Lang & Schwarz quote on October 2, 2026, the price lies 14.85 percent below UBS's EUR 6.60 target.

Next results are scheduled for November

Snam's investor-relations calendar lists November 11, 2026, for the interim financial report covering September 30, 2026, according to Snam. That date will put the asset rotation strategy, regulated infrastructure investment and the EUR 18.9 billion net debt guidance back against a fresh quarterly balance sheet.

Stock gains as investors assess capital allocation

Snam was trading at EUR 5.62 at Lang & Schwarz on October 2, 2026 at 5:11 p.m. CEST, up 1.44 percent versus the EUR 5.54 prior close. The further course of trading is shown by the continuously updated real-time quote of Snam stock.