Cassa Depositi e Prestiti is the primary shareholder of Italgas with an interest of over 26%, whilst the Snam Group holds 13.5%. Institutional investors represent more than 47% of the company’s share capital.


Share capital

The share capital of the Company as at 31 December 2017 totalled €1,001,231,518.44 and consisted of 809,135,502 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 at 31 December 2017

CDP Reti S.p.A..(*) (**)


Snam S.p.A.


Lazard Asset Management Llc


Romano Minozzi


Other shareholders


(*) On 20 October 2016, a shareholders’ agreement was concluded between Snam, CDP Reti and CDP Gas, effective from the date of the demerger, in relation to Italgas S.p.A. Effective as of 1 May 2017, CDP Gas was merged into CDP. Subsequently, on 19 May 2017, CDP sold to CDP Reti, inter alia, the equity investment held in Italgas S.p.A., equal to 0.969% of the share capital of Italgas S.p.A. 

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

Socially Responsible Investors

As at 31 December 2017, Socially Responsible Investors (SRI) represent approximately 6% of the total Italgas share capital and around 12% of the proportion held by institutional investors.



Ownership structure by investor type

As at 31 December 2017

Ownership structure by region

As at 31 December 2017

Geographic breakdown of institutional investors

As at 31 December 2017

Institutional investors by type

As at 31 December 2017

ultimo aggiornamento Thu Jul 05 13:04:23 UTC 2018