Paris – Snam, GIC and EDF Invest finalized yesterday the entry of Crédit Agricole Assurances into the share capital of TIGF with a 10% stake. This announcement follows the fulfillment of all the required conditions precedents. As a result, Snam, GIC, and EDF Invest together with Crédit Agricole Assurances hold respectively 40.5%, 31.5%, 18.0% and 10.0% of the share capital of TIGF indirectly. Based in Pau, TIGF employs approximately 500 persons and operates a 5,000 km-long gas pipeline network and two important gas storage sites in Lussagnet and Izaute. TIGF represents a strategic platform for the interconnection of the European gas markets, thus contributing to their further liquidity and guaranteeing security of supplies to France and Europe. (9colonne)
