Italy’s antitrust opens probe into Snam-Edison gasoline garage deal Via Reuters

ROME (Reuters) – Italy’s antitrust company (AGCM) mentioned on Monday it had opened an investigation into Edison’s sale of its gasoline garage unit to gasoline grid operator Snam.

AGCM mentioned in its weekly bulletin it might probe whether or not the deal may considerably prohibit festival “through strengthening Snam’s dominant place within the gasoline garage marketplace.”

When the 2 corporations introduced in July the deal for the 3 gasoline garage websites, they mentioned it used to be value as much as 630 million euros ($656.52 million).

($1 = 0.9596 euros)