<div id="readability-page-1"><div><p>(Alliance News) - Snam Spa announced that it has terminated, together with Infinity Investments, controlled by ADIA, the agreement signed on April 7 for the acquisition by Snam of a 24.99% stake in Open Grid Europe.</p><p>The decision comes at the end of the lengthy process required by German foreign investment regulations, during which the competent authorities deemed the measures presented by Snam to be insufficient to obtain the necessary authorization.</p><p>The company specifies that the termination of the agreement does not change the guidance for 2025 announced on November 5, which indicates an adjusted net profit of approximately EUR1.42 billion and net debt of approximately EUR18 billion.</p><p>By Antonio Di Giorgio, Alliance News reporter</p><p>Comments and questions to redazione@alliancenews.com</p><p>Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.</p></div></div>

SNMRY

<p>Snam Spa and ADIA's Infinity Investments have terminated their agreement for Snam's acquisition of a 24.99% stake in Open Grid Europe. The decision follows a lengthy process under German foreign investment regulations, where Snam's measures were deemed insufficient for authorization. The termination does not affect Snam's 2025 guidance, which projects an adjusted net profit of EUR1.42 billion and net debt of EUR18 billion.</p>

Snam and ADIA terminate agreement on stake in Open Grid Europe