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 46% of the company’s share capital.

 

Share capital

The share capital of the Company as at 31 March 2020 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 March 2020

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

26,05%

Snam S.p.A.

13,50%

Lazard Asset Management Llc

8,9%

Romano Minozzi

4,29%

Blackrock Inc.

4,7%

Other shareholders

42,56%

 

(*) 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.

 

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 March 31, 2020):

  • 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: 71.862.327 number of shares held
  • Romano Minozzi: 44,706,531 number of shares held
  • Blackrock Inc. : 38.117.798 number of shares held

Socially Responsible Investors

As at 31 March 2020, Socially Responsible Investors (SRI) represent approximately 11% (1) of the total Italgas share capital and slightly above 25% of the proportion held by institutional investors.

(1) As at December 2019 the share was 5%

 Percentuale_SRI_INGLESE

 

Ownership structure by investor type

As at 31 March 2020

Ownership structure by region

As at 31 March 2020

 

*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 31 March 2020

Institutional investors by type

As at 31 March 2020

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 01 July 2020 09:01 UTC