Edison, Snam expected to announce storage deal on Thursday, sources say
MILAN, July 24 (Reuters) -EDF's Italian unit Edison EDNn.MI and gas grid operator Snam SRG.MI are expected to announce on Thursday a deal on gas storage assets with a base price of nearly 600 million euros ($651 million), two sources with knowledge of the matter said.
The preliminary deal will also include price adjustments that could bring the final price paid by Snam to over 600 million euros depending on some future developments including the outcome of an arbitration on one of the assets, the sources said on Wednesday.
Snam and Edison declined to comment on the issue.
($1 = 0.9212 euros)
Reporting by Francesca Landini, editing by Alessandro Parodi
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