Dec 13 - ENI - Sale of Approximately 7% of the Share Capital of Galp Energia SGPS

Source Press Release
Company ENI S.p.A.Galp Energia 
Tags Deals, Corporate Deals, Refining & Marketing Activities, Pipelines/ tankers/ distribution, LNG & Gas Storage/Processing, Upstream Activities
Date December 31, 2013

(As per the ENI's Annul Report 2013) On March 28, 2014, through an accelerated book-building procedure aimed at institutional investors, Eni sold approximately 7% of the share capital of Galp Energia SGPS SA at the price of €12.10 per share, for a total consideration of €702.4 million. Following this transaction, Eni retains a 9% interest in Galp, of which 8% underlying the approximately €1,028 million exchangeable bond due on November 30, 2015.

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