Italy's antitrust opens probe into Snam-Edison gas storage deal
ROME - Italy's antitrust agency said on Monday it had opened an investigation into Edison's sale of its gas storage unit to gas grid operator Snam.
AGCM said in its weekly bulletin it would probe whether the deal could significantly restrict competition"by strengthening Snam's dominant position in the gas storage market." When the two companies announced in July the deal for the three gas storage sites, they said it was worth up to 630 million euros .Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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