MILAN, February 12 (Reuters) – The rejection by the Constitutional Court of the Robin Hood Tax will have a positive impact on net income of 2015 Snam 90 million and about Terna 50 million. However, this increase will not result in a net increase of the coupon, because it is an extraordinary event. They said the CEOs of the two companies that own most of the pipelines and power lines Italians. “As for Snam, the cancellation of the additional 6.5% will have an impact of about 90 million per annum on the net. We are very cautious and will structure our capital so that they can make investments and dividends without risks, without waiting for external factors, “said the CEO of Snam Carlo Malacarne. The manager added that “it is not expected to increase the dividend because nobody said tha t extraordinary events sends it up.” For Terna’s CEO Matteo Del Fante, “what emerged by analysts, in line with our estimates, has an impact of about 50 million euro per year based on net income, equal to about 10 % of increase in the bottom line. “ Even in the case of Terna, is not expected to increase the dividend, “given that the entry has not been calculated in our plans and we are on the eve of an important regulatory review. This is a more positive information, that the market and that is beginning to appreciate. “ Del Fante then recalled that Terna has a payout level pretty important, “not the highest in the market, but around 80%, and so this kind of news, the stop at the Robin Hood tax, we can create a more flexibility this year. It does not change our core business in terms of investment and dividend policy “. With regard to the interest for the privatization of the electricity grid Greek put on standby by the new government, Del Fante has stated: “For now we gave up.” More …
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