Behind the scenes of ENI SNAM Algeria-Tunisia-Italy gas pipeline deal
The agreement, valued at €405 million, provides the transfer to the Italian network operator SNAM of 49.9% of the companies operating the gas infrastructures that link the Algerian border to Italy via Tunisia and the Sicilian Channel.
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▪ Behind the scenes of ENI SNAM Algeria-Tunisia-Italy gas pipeline deal
▪ The agreement, valued at €405 million, provides the transfer to the Italian network operator SNAM of 49.9% of the companies operating the gas infrastructures that link the Algerian border to Italy via Tunisia and the Sicilian Channel.
▪ https://www.africabusinessplus.com/en/810361/behind-the-scenes-of-eni-snam-algeria-tunisia-italy-gas-pipeline-deal/
Several advisors surrounded ENI and SNAM for this unprecedented operation. On the financial side, notably the valuations, according to information obtained by Africa Busines+, ENI was supported by Rothschild & Co. SNAM used the Italian bank Unicredit and Costagama, a boutique created by Claudio Costamagna, a former Goldman Sachs employee.
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