Ownership structure

Ownership structure

Cassa Depositi e Prestiti is our largest shareholder with a 26% stake, while the Snam group holds a 13.5% stake in our capital. Italgas has a free float of 60.5% and institutional investors represent 47% of the company’s capital.

Major shareholders as at 31 December 2020

  CDP Reti S.p.A..(*) (**)  26,0%
  Snam S.p.A.  13,5%
  Lazard Asset Management Llc  8,7%
  Romano Minozzi  4,29%
  Blackrock Inc.  4,7%
  Sun Life Financial, Inc.  3,4%
  Altri azionisti  39,3%

(*) On 20 October 2016 a shareholders’ agreement was entered into by Snam,  CDP Reti and CDP Gas, effective as of  the demerger date, in relation to Italgas S.p.A. With effect as of 1 May 2017, CDP Gas was merged by incorporation into CDP. Subsequently, on 19 may 2017, CDP sold the equity investment held in Italgas S.p.A., amounting to 0.969 % of the share capital of the same, to CDP Reti, among others.

(**) CDP Reti is owned 59.1% by CDP, 35% by State Grid Europe Limited – SGEL, company belonging to the State Grid Corporation of China group, and 5.9% by some Italian institutional investors.

Shareholders with significant holdings

This table lists the holders of more than 3% of Italgas shares, based on the shareholders’ register, available information and communications received pursuant to Article 120 of the Consolidated Law on Finance. 31 December 2020 Update.

  Shareholders
  Number of shares held

  CDP Reti S. p. A

  210.738.424
  Snam S.p.A  109.233.293
  Lazard Asset Management  70.634.336
  Romano Minozzi  34.706.531
  Blackrock Inc.  38.284.439
  Sun Life Financial  27.644.982

Socially responsible investors

14 %

As at 31 December 2020, investors who include SRI (Socially Responsible Funds) criteria in their choices represent around 14% of Italgas’ total capital – while in December 2019 the share was only 5% – and 30% of the share held by institutional investors.

Information on shareholders and investors

Shareholdings by investor type
31 December 2020

Shareholders by geographical area
31 December 2020

Geographical distribution of institutional investors
31 December 2020

Institutional investors by type
31 December 2020

Ultimo aggiornamento: