# Snam acquires 50% stake in Iniziative Biometano for €10 million

Snam, through its subsidiary Snam4Environment, has completed the acquisition of a 50% stake in Iniziative Biometano from Femogas for approximately €10 million. Iniziative Biometano operates biogas and biomethane plants in Italy.

- Type: Acquisition
- Announced: 2020-09-30
- Where: Italy
- Status: completed
- Products: biogas, biomethane
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Snam](https://endata.com/companies/11714.md) (acquirer)
- [Femogas](https://endata.com/companies/50259.md) (partner)
- [Iniziative Biometano](https://endata.com/companies/50260.md) (target)

## Sources

- [affaritaliani.it](https://www.affaritaliani.it/economia/snam-entra-nel-biometano-agricolo-acquisito-il-50-di-iniziative-biometano-697281.html), 2020-09-30: "L’acquisizione consente a Snam di entrare nel settore del biometano di produzione agricola."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.