ENI Launches the Sale of Another 5% of Snam's Share Capital

Source Press Release
Company ENI S.p.A. 
Tags Strategy - Corporate
Date July 17, 2012

Eni launches the sale of another 5% of Snam’s share capital

San Donato Milanese, 17 July 2012 – Eni S.p.A (“Eni”) announces that it has started, after the approval of Eni’s Board of Directors, the sale of 178,559,406 shares equal to 5% of Snam S.p.A (“Snam”)’s share capital, corresponding to 5.28% of the voting shares, through an accelerated bookbuilding procedure.

The procedure provides an accelerated placement to qualified Italian and foreign investors conducted by Goldman Sachs acting as Sole Bookrunner.

Communication regarding the result of the sale will be released following the closure of the placement.

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