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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.116 | -0.78% | 14.708 | 14.662 | 14.80 | 14.854 | 14.656 | 14.846 | 8,546,828 | 17:00:00 |
From May 2019 to May 2024
ROME--Italy's Economy Ministry said Thursday that it has sold 5.74% of electricity utility ENEL SpA (ENEL.MI) for EUR2.2 billion ($2.5 billion).
The Italian govenrment is in the process of selling off some state-owned assets. The sale of its large postal service is amongst the biggest expected, but has been delayed. An expected sale of a slice of oil company Eni SpA (ENI.MI) has also been delayed due the fall in energy prices.
Following the sale, the government now owns 25.5% of ENEL, down from 31.24% previously.
The government has agreed with the sale's organizing banks not to sell any further shares of ENEL for 180 days without their consent.
Bank of America Merrill Lynch, Goldman Sachs International, Mediobanca, and Unicredit acted as joint bookrunners.
Write to Deborah Ball at Deborah.Ball@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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