IG.MI Italgas
Italgas price
-1.57% Past Week
Market Cap
4.59B
Day’s Range
52W Range
Volume (3M)
3.65M
Price-Earnings Ratio
9.95
Revenue
2.47B
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Italgas Latest News
About Italgas
Italgas, IG.MI on the FTSE MIB, is one of Italy’s older companies, founded way back in 1837. Despite its Turin roots, the company now calls the city of Milan home. Italgas provides gas distribution in several countries, including Argentina, Brazil, Portugal, Spain and Italy. The company has experimented with additional services, including urbane waste management and water purification services, but later abandoned them. Despite the desire to focus on its primary business, Italgas purchased Seaside, with the goal of providing more energy efficient and environmentally friendly services.
Italgas was delisted in 2003, after a successful public takeover bid by Italian firm Erin. Erin sold Italgas in 2009, allowing the company to go public once again on the Milan Stock Exchange in 2016.
Italgas provides gas to over 1,500 municipalities in Italy, equal to roughly 30% of the country. The Italgas network is over 66,000 km long, with between 7 and 8 million delivery points. It may be hard to believe, but the company has been supplying Italy with gas for almost 200years.
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Show MoreCEO
Paolo Gallo, MBA
Employees
4.2K
Founded
2016
HQ
IT
Did you know? Italgas, established in 1837, is the oldest natural gas distribution company in Italy.
Top Discussions
Get insight into a company's sustainability using ESG (environmental, social, and governance) scores.
0
100
67
Very High
Industry
Avg. 55
78
Environment
63
Social
61
Governance
Business Involvement Flags
Fossil Fuels
Companies in the energy industry, encompassing oil and gas exploration and
production, pipeline transportation, refineries, and oil and gas equipment and services.
Wholesalers which provide electricity generated by hydrocarbon and nuclear
technologies. Natural Gas Utilities which offer service to residential and commercial
customers. Companies involved in the leasing of coal mines and the mining and
processing of coal. Companies producing coke for sale to others are included.
Consensus
Moderate Buy
Price Target
6.10
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