Jun 12 - Eni: Contract for the Sale of 30% Less One Share in Snam to Cassa Depositi e Prestiti Finalized

Source Press Release
Company ENI S.p.A.Cassa Depositi e Prestiti 
Tags Corporate Deals, Deals, Refining & Marketing Activities, Strategy - Downstream, LNG & Gas Storage/Processing, Pipelines/ tankers/ distribution
Date June 15, 2012

Eni, in line with what approved by the Board of Directors on 30 May 2012, has formalized the contract for the sale of 30% less one share of the outstanding shares of Snam SpA to Cassa Depositi e Prestiti SpA.

As previously announced to the market, the agreement is based on a fixed price per Snam share of Euro 3.47 per share. The closing of the transaction could occur on or after 15 October 2012 and is subject to certain conditions precedent including, in particular, antitrust approval, as stated in the disclosure document published on 6 June 2012 and prepared pursuant to Article 5 of Consob Regulation 17221/2010 and Article 71 of Regulation 11971/1999.

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