|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||0.50|
|PE ratio (TTM)||10.83|
|Forward dividend & yield||0.29 (5.86%)|
|Ex-dividend date||23 May 2022|
|1y target est||N/A|
ATHENS (Reuters) -Italgas said on Thursday it had concluded a deal to buy Greek gas grid DEPA Infrastructure from Greece's privatisation agency and Hellenic Petroleum and said it planned to expand and digitise it. DEPA Infrastructure, which the agency and Hellenic Petroleum agreed to sell for 733 million euros ($735 million), holds stakes in Greece's three main gas distribution operators, which together manage 7,500 km (4,700 miles) of gas network. The Italian group, which runs about 74,000 km (46,000 miles) of regulated gas pipelines, clinched the deal last year and said it would invest 8.6 billion euros to 2028 to modernise the Greek gas grid and complete the upgrade of its Italian network.
Italy should not need to cut its gas consumption by 15% in the winter as proposed by the European Commission, the chief executive of gas distributor Italgas said on Monday. "Thanks to the activity of the government... the upcoming winter should be not so critical for Italy," Paolo Gallo said, adding that the 15% reduction in gas used in the country should not be required. Italy has been reducing its reliance on Russian gas since the invasion of Ukraine and is aiming to get its storage facilities filled in time for winter.
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