Snam Starts ABB To Sell Portion Of Option Rights In Context Of Italgas Capital Increase

T-Reuters
30 May

May 29 (Reuters) - Snam Spa :Starts Accelerated Bookbuilding For Its Option Rights In Context Of Italgas Capital Increase.Abb For Up To Around 83.6 Million Of Option Rights Out Of A Total Of Approximately 109 Million.Abb Reserved To Institutional Investors, In Placement Context, For 90-Day Period Starting From Closing Date Of Placement, Snam Has Committed Not To Sell, Offer, Dispose Of Italgas Shares.Settlement Expected On June 4.Further Company Coverage: Srg.Mi. (Gdansk Newsroom). ((Gdansk.Newsroom@Thomsonreuters.Com; +48587696600;)).

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