Snam stock slips as De Nora sale raises strategic questions

Snam S.p.A. (ISIN IT0003153415) traded at EUR 5.61 on Borsa Italiana on September 22, 2026, down 0.85 percent from the previous close. The move followed the sale of 10 million Industrie De Nora shares for EUR 67 million, a transaction reported by Il Sole 24 Ore on September 22, 2026.

EUR 67 million stake sale

The accelerated placement covered approximately 10 million existing De Nora shares at EUR 6.69 each, generating gross proceeds of about EUR 67 million. According to Trend on September 22, 2026, the transaction reduced Snam's holding to 16.6 percent.

The sale represents a 5 percent stake in De Nora and leaves Snam with a material remaining position. The immediate market interpretation is therefore mixed: the transaction provides EUR 67 million in gross proceeds, while the retained 16.6 percent stake preserves exposure to the electrochemical technology company.

Stock trades below prior close

The Snam share stood at EUR 5.61 during the September 22, 2026 session, compared with a previous close of EUR 5.656. That difference corresponds to the reported daily decline of 0.85 percent, while the company's market capitalization was listed at EUR 21.77 billion in the same market snapshot.

MarketScreener reported on September 22, 2026 that Snam remained a reference shareholder in De Nora and listed an average analyst price target of EUR 6.491. The target stands EUR 0.881 above the cited closing price of EUR 5.61, a gap of approximately 15.7 percent.

Next results are dated November 11

The next reporting date shown for Snam is November 11, 2026, when the company is scheduled to publish third-quarter results, according to MarketScreener. That date provides the next company-specific checkpoint after the De Nora transaction.

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