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Snam Abandons €920 Million Open Grid Stake Amid Scrutiny

11/15/2025

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Summary

Story summary

Snam S.p.A. abandoned its plan on November 14, 2025 to acquire a 24.99% stake in Open Grid Europe after its chief executive indicated it would not pursue the deal.
The €920 million deal faced scrutiny because of State Grid Corporation of China's indirect investment in Snam.
Germany's foreign direct investment review deemed remedies insufficient, reflecting rising European wariness toward Chinese investments.
The termination will not affect Snam's 2025 financial outlook.

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Story summary

Snam S.p.A. abandoned its plan on November 14, 2025 to acquire a 24.99% stake in Open Grid Europe after its chief executive indicated it would not pursue the deal.
The €920 million deal faced scrutiny because of State Grid Corporation of China's indirect investment in Snam.
Germany's foreign direct investment review deemed remedies insufficient, reflecting rising European wariness toward Chinese investments.
The termination will not affect Snam's 2025 financial outlook.