Ownership structure
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 48% of the company’s share capital.
Share capital
The share capital of the Company as at 31 October 2019 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 October 2019
CDP Reti S.p.A..(*) (**) |
26,05% |
Snam S.p.A. |
13,50% |
Lazard Asset Management Llc |
8,3% |
Romano Minozzi |
4,29% |
Blackrock Inc. |
4,6% |
Other shareholders |
43,26% |
(*) 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.
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. Updated October 31, 2019):
- CDP Reti S.p.A.: 210,738,424 number of shares held
- Snam S.p.A. : 109,233,293 number of shares held
- Lazard Asset Management: 66.982.635 number of shares held
- Romano Minozzi: 44,706,531 number of shares held
- Blackrock Inc. : 37.298.952 number of shares held
Socially Responsible InvestorsAs at 31 October 2019, Socially Responsible Investors (SRI) represent approximately 4.5% (1) of the total Italgas share capital and slightly above 9% of the proportion held by institutional investors. |
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Ownership structure by investor type
As at 30 June 2019
Ownership structure by region
As at 30 June 2019


*Italy-Strategic Investors includes CDP Reti, Snam and Banca d'Italia.
** Italy-Retails includes the participation of Romano Minozzi (4.29%)
Geographic breakdown of institutional investors
As at 30 June 2019
Institutional investors by type
As at 30 June 2019


Institutional investors: ownership clusters
Shareholdings | N° of shareholders | % | N° of ordinary shares | % |
0-100000 | 93 | 37,3% | 2909197 | 0,4% |
100001-200000 | 34 | 13.7% | 4974898 | 0,6% |
200001-500000 | 39 | 15,7% | 14025939 | 1,7% |
500001-1000000 | 22 | 8,8% | 15010316 | 1,9% |
1000001-3000000 | 31 | 12,4% | 56803837 | 7,0% |
3000001-10000000 | 21 | 8,4% | 100327549 | 12,4% |
10000001-20000000 | 6 | 2,4% | 83638679 | 10,3% |
20000001-highest | 3 | 1,2% | 90323077 | 11.2% |
ultimo aggiornamento 06 November 2019 12:07 UTC