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ENI Eni Spa

14.968
0.114 (0.77%)
08 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Eni Spa BIT:ENI Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.114 0.77% 14.968 14.91 14.976 14.972 14.84 14.86 6,014,785 02:01:08

Italy Puts Sales of Eni, Enav Stakes on Hold -Reuters

11/12/2017 2:59pm

Dow Jones News


Eni (BIT:ENI)
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--Italy has suspended a plan to sell stakes in air traffic controller Enav and energy company Eni to Cassa Depositi e Prestiti after European authorities questioned whether it should be shifting assets to a state-controlled entity, Reuters cited sources as saying.

--Last month, the Treasury started the process of offloading shares as part of a privatization plan, with hopes of raising up to 3 billion euros ($3.53 billion) by selling 50.37% of Enav and most of its 4.34% Eni stake, Reuters says. The objective of the program was to reduce public debt.

--European statistics agency Eurostat has raised doubts about such a transaction because Cassa Depositi e Prestiti is publicly owned, and the Bank of Italy suggested that the regulator might not accept that the deal cleans up public finances, the sources said according to Reuters.

 

Full story: http://reut.rs/2kX6GmT

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

December 11, 2017 09:44 ET (14:44 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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