Italgas Launches Innovative EMTN Program with Hogan Lovells
Deal News | Jul 10, 2025 | Hogan Lovells
Hogan Lovells has advised Italgas on the establishment of a new Euro Medium Term Note (EMTN) program approved by Consob. This innovative program, noteworthy for companies in Italy, allows for the issuance of securities governed by English law in a dematerialized form. These securities are to be listed on the Mercato Telematico delle Obbligazioni (MOT), which is managed by Borsa Italiana S.p.A., and will be available at Euronext Securities. The transaction was led by Hogan Lovells partners Patrizio Messina and Alessandro Accrocca and included their team members Edoardo Minnetti, Neomi Biagini, and Riccardo Del Torto.
Sectors
- Financial Services
- Legal Advisory
Geography
- Italy – Italgas is an Italian company and the EMTN program is launched with securities listed on Italian markets, hence Italy is a primary geography of focus.
- United Kingdom – The securities issued under the EMTN program are governed by English law, which implicates legal frameworks and financial practices in the UK.
Industry
- Financial Services – The article is centered around Italgas's financial strategy and issuance of EMTNs, which involves significant activity in the financial services sector, particularly relating to securities listing and regulation.
- Legal Advisory – Hogan Lovells, a legal advisory firm, played a crucial role in advising Italgas on its EMTN program, highlighting the importance of legal expertise in financial transactions.
Financials
- – The article does not specify any financial figures such as the size of the EMTN program or the value of securities to be issued.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Italgas | Target | Company | Italgas is undertaking the EMTN program to issue securities. |
| Hogan Lovells | Legal Advisor | Company | Hogan Lovells advised Italgas on the EMTN program, providing legal expertise. |
| Consob | Regulatory Body | Government | Consob is the Italian financial markets regulator that authorized the EMTN program. |
| Borsa Italiana S.p.A. | Market Operator | Company | Borsa Italiana manages the MOT where the new securities are listed. |