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ITALY'S SNAM SET TO SCRAP GERMAN GAS DEAL AMID BERLIN'S CONCERN OVER CHINA

  • NEWS Desk Global
  • 5 hours ago
  • 1 min read

ree

Italian gas grid operator Snam is set to abandon its planned acquisition of a minority stake in Germany's largest independent gas transmission operator, sources said, amid resistance from the German economy ministry.

Berlin's concerns over the 920-million-euro ($1.1 billion) transaction stem from the presence of China's State Grid as an indirect investor in Snam.

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