Snam SpA (LTS:0NQP)

€ 4.215 -0.042 (-0.99%) Market Cap: 14.25 Bil Enterprise Value: 30.63 Bil PE Ratio: 13.67 PB Ratio: 1.58 GF Score: 69/100

Snam SpA to Discuss Acquisition of a Strategic Stake in De Nora SpA Call Transcript

Nov 19, 2020 / 09:00AM GMT

Release Date Price: €4.68 (+2.33%)

Transcript

Operator

Good morning. This is the Chorus Call conference operator. Welcome, and thank you for joining the Snam announces partnership with De Nora conference call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Marco Alvera, CEO of Snam. Please go ahead, sir.

Marco Alvera

Snam S.p.A. - CEO & Director

Thank you. Good morning, ladies and gentlemen, and welcome to our conference call on the acquisition of a strategic stake in De Nora, a global innovator of sustainable, clean energy and water treatment technologies. This transaction is complementary to Snam's broader strategy on hydrogen. As you know, and as we will detail further in our strategy presentation next week, we have been a leading proponent of the importance of clean hydrogen and decarbonization. We're very committed to this because we believe that hydrogen is the only option to decarbonize hard to abate sectors. Also, hydrogen will provide a cost-competitive way to transport and store renewable energy and because the costs of green hydrogen are coming down

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