Financial Times: Italy’s gas network set to be spun off

Snam Rete Gas, the Italian gas network, appears poised to be either partially or fully spun off from its majority owner Eni as a result of wide-ranging liberalisation measures to be announced in days by the Italian technocratic government of Mario Monti.

Successive Italian governments have sought some means to boost competition in the country’s energy sector, which is dominated by state-controlled companies Enel, a utility, and Eni, an energy company that owns a stake of 50 per cent in Snam.

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