Snam stock gains 0.07 percent as De Nora sale raises EUR 67 million

Published on 09/23/2026 at 13:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Snam stock closed at EUR 5.66 on September 22, 2026, after gaining 0.07 percent. The De Nora sale raised EUR 67 million and cut Snam's stake to 16.6 percent.

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Snam stock (ISIN IT0003153415) closed at EUR 5.66 on Borsa Italiana on September 22, 2026, up 0.07 percent. The immediate corporate catalyst was Snam's sale of about 10 million Industrie De Nora shares for approximately EUR 67 million, according to Investing.com on September 23, 2026.

Asset sale brings EUR 67 million

Snam's subsidiary Asset Company 10 placed the De Nora shares at EUR 6.69 each through an accelerated bookbuilding process. The transaction represented about 5 percent of De Nora's capital and reduced Snam's holding to 16.6 percent, according to UOB Kay Hian on September 23, 2026.

The sale price was 9.5 percent below De Nora's closing price on the preceding trading day, while De Nora shares later recovered 0.7 percent to EUR 6.10 by 07:35 GMT on September 23, 2026, according to Investing.com.

Portfolio rotation remains central

The transaction gives Snam EUR 67 million in proceeds while preserving a 16.6 percent interest in De Nora. That combination points to portfolio rotation rather than a complete exit, leaving the remaining stake exposed to the electrode maker's market valuation.

Market data published on September 23, 2026, show Snam's average price target at EUR 6.491 against the September 22 closing price of EUR 5.66. The difference is EUR 0.831, or approximately 14.7 percent, but the figure is a market reference rather than a forecast made in this article.

Snam stock closes at EUR 5.66

Snam stock ended at EUR 5.66 on September 22, 2026, with a daily gain of 0.07 percent on Borsa Italiana. The same market snapshot records a five-day change of 2.95 percent and a year-to-date change of 0.07 percent, giving the placement a limited immediate effect on Snam's listed shares.