Retail shareholders

Italgas is the leading gas distributor in Europe. The acquisition of 2i Rete Gas marks a decisive step in the growth of the Italgas Group. A path that will see us engaged on several fronts to achieve all the objectives of our Strategic Plan. Through its subsidiaries and thanks to the commitment of 4,339 people working in offices throughout Italy and Greece, it manages a distribution network of 83,811 kilometres. In 2024, through 8,020 million Redelivery Points, it distributed more than 8,188 million cubic metres of gas.

In Italy the Group holds 1,954 distribution concessions as of 31 December 2024, with a historic presence in the major Italian cities, including Turin, Venice, Florence and Rome, and a market share of over 33%. In 2022, the completion of the DEPA Infrastructure acquisition allowed Italgas to acquire the distribution license in 145 municipalities in Greece, of which 111 are already in operation as of 31 December 2024.

With 187 years of history, Italgas is the company that has brought gas into the homes of Italians, contributing to the country’s economic and social development. In 2024, the Group marked a historic milestone in its long and prestigious history: the prospective acquisition of 2i Rete Gas, which will enable it to become Europe’s leading gas distribution operator.

Italgas has always been a future-oriented company, aware of the role that its infrastructure has and will have in supporting the energy transition, guaranteeing the country’s energy security. We are committed to active and constructive communication with all our shareholders, to share with our investors and the strategic actions and visions underlying the management of our company. Since our return to the stock market on 7 November 2016, we have carried out activities to foster and encourage dialogue, not only with institutional investors but also with retail shareholders, through our website, social channels and the company secretariat corporate secretariat and the investor relations team. In this context, the Board of Directors has adopted a “Policy for the management of dialogue with shareholders in general”.

We publish an annual guide to provide an overview of our activities, strategies and performance. In “L’azionista di Italgas”, you will also find in-depth information on our stock on the stock exchange, information on how to invest and participate in the shareholders’ meeting.

Adopted by our Board of Directors on 18 December 2020, this policy sets out principles and procedures for active and constructive communication between our Group, institutional investors and retail shareholders.

We are listed on the MTA of the Italian Stock Exchange. Italgas S.p.A was created from a demerger of the Snam group in 2016 and made its return to the stock market on 7 November 2016. Since that date and until 31 December 2024, the total shareholder return is 102,7%.