Dec 13 -  ENI Completed the Sale of 395,253,345 Shares Equal to 11.69% of the Share Capital of Snam SPA

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

(As per the ENI's Annual Report 2013): On May 9, 2013, Eni completed the sale of 395,253,345 shares equal to 11.69% of the share capital of Snam SpA. The offering, carried out through an accelerated bookbuilding aimed at qualified institutional investors, was priced at €3.69 per share for a total consideration amounting to €1,459  million. The gain amounted to €67 million.

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