Italy Sells $1.5 Billion Stake in Eni
Provided by
Dow Jones
By Adria Calatayud
Italy's government sold a stake in Eni for 1.37 billion euros ($1.49 billion), reducing its ownership in the energy group to about 2%.
The Italian Ministry of Economy and Finance said Thursday that it sold shares representing a 2.8% stake in Eni for EUR14.855 each, which represents a 1.7% discount to the company's closing share price on Wednesday.
The sale is expected to settle on May 20.
The ministry said on Wednesday that it had committed not to sell additional shares in the company for 90 days.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
May 16, 2024 02:52 ET (06:52 GMT)
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