Italian state-owned lender Cassa Depositi e Prestiti SpA said Tuesday it has sold nearly 58.26 million shares, or a 1.6% stake, of state-controlled Eni SpA (E, ENI.MI) between Sept. 24 and Oct. 9 for about 1.01 billion euros ($1.3 billion).
Italian state-owned lender Cassa Depositi e Prestiti SpA said Tuesday it
has sold nearly 58.26 million shares, or a 1.6% stake, of state-controlled Eni
SpA (E, ENI.MI) between Sept. 24 and Oct. 9 for about 1.01 billion euros ($1.3
billion).
In a press release, the holding company said the operation completes the
planned sale of a 3.3% stake in the energy company. CDP had already sold a 1.7%
stake in Eni between Aug. 7 and Sept. 13 for more than EUR1 billion.
CDP has reduced its stake in Eni to 25.76% or about 936.18 million shares.
As previously agreed, the lender will use proceeds from these transactions to
buy Eni's nearly 30% stake in natural-gas transmission company Snam SpA
(SGR.MI).
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