May 13 - ENI Completes the Sale of 6.7% of Galp's Share Capital

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

Eni S.p.A. (“Eni‘) announces that it has successfully completed the placement of 55,452,341 ordinary shares, corresponding to approximately 6.7% of the share capital of  Galp Energia SGPS S.A. (“Galp‘) (the “Offering‘).

The total consideration of the Offering amounted to approximately 677.6 million euro.

The Offering, carried out through an accelerated bookbuilding procedure aimed at qualified institutional investors, was priced at 12.22 euro per share.

Settlement of the sale will take place on 5 June 2013 by delivery of shares to investors and payment of the consideration to Eni.

Eni has engaged Goldman Sachs and Mediobanca as Joint Bookrunners for the sale.

Following the settlement of the sale, Eni holds 16.34% of Galp's outstanding share capital, of which 8% underlying the approximately € 1,028 million exchangeable bond issued on 30 November 2012 and due on 30 November 2015 and 8.34% subject to certain rights exercisable by Amorim Energia and previously disclosed to the market.

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