{"id":39811,"date":"2015-01-29T03:40:09","date_gmt":"2015-01-29T02:40:09","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/snam-gic-and-edf-invest-welcome-credit-agricole-assurances-along-their-side-within-tigf\/"},"modified":"2015-01-29T03:40:09","modified_gmt":"2015-01-29T02:40:09","slug":"snam-gic-and-edf-invest-welcome-credit-agricole-assurances-along-their-side-within-tigf","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/snam-gic-and-edf-invest-welcome-credit-agricole-assurances-along-their-side-within-tigf\/","title":{"rendered":"Snam, GIC and EDF Invest welcome Cr\u00e9dit Agricole Assurances along their side within TIGF"},"content":{"rendered":"<p>Upon completion of the transaction, Snam, GIC, and EDF Invest will receive slightly above \u20ac180m and together with Cr\u00e9dit Agricole Assurances will hold respectively 40.5%, 31.5%, 18.0% and 10.0% of the share capital of TIGF indirectly.<\/p>\n<p>With this investment, Cr\u00e9dit Agricole Assurances further strengthens its infrastructure portfolio while TIGF gains a new shareholder that will allow to further support future developments of the company.<\/p>\n<p>In 2013, Snam, GIC and EDF Invest had acquired 100% of TIGF from the Total group, holding indirectly a 45%, 35% and 20% stake respectively in the company. 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.<\/p>\n<p>The completion of the transaction, which is subject to customary closing conditions, is expected to take place by the end of the first quarter 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, Snam, GIC, and EDF Invest entered into an agreement with Cr\u00e9dit Agricole Assurances for its entry into the share capital of TIGF with a 10% stake.<\/p>\n","protected":false},"author":20,"featured_media":39809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1651],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/39811"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=39811"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/39811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/39809"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=39811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=39811"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=39811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}