Cassa Depositi e Prestiti is the primary shareholder of Italgas with an interest of 26%, whilst the Snam Group holds 13.5%. Institutional investors represent 46% of the company’s share capital.
The share capital of the Company at 30 June 2022 totalled 1,002,608,186.28 euros consisting of 810,245,718 shares without par value. The Italgas stock is quoted in the FTSE MIB index of the Milan Stock Exchange. The proportion of floating capital is 60.5%.
Main shareholders as of 30 June 2022
|CDP Reti S.p.A..(*) (**)||26.0%|
|Crédit Agricole S.A||4.0%|
|Bank of Italy||1.4%|
(*) 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.
Shareholders with significant holdings
Relevant participations (owning more than 3% of Italgas shares, on the basis of data obtained from “Libro Soci”, the information available and communications received pursuant to Art. 120 of the Testo Unico della Finanza) as of 31 December 2021:
|Shareholders||Number of shares held|
CDP Reti S. p. A
|Lazard LLC||75.0 mln|
|Blackrock Inc.||35.2 mln|
|Crédit Agricole S.A.||32.7 mln|
Socially responsible investors
As of 30 June 2022, Socially Responsible Investors (SRI) represent approximately 18% (1) of the total Italgas share capital and around 39% of the shares held by institutional investors.
(1) As of December 2021 the share was 15%
Information on shareholders and investors