Jul 01 - ENI Agree to Listing of Rete Gas Italia .

Source Press Release
Company ENI S.p.A. 
Tags Strategy - Corporate
Date July 27, 2001

The Shareholder's Meeting of Rete Gas Italia resolved upon the request of admission for the listing of the Company's shares on the Italian Stock Market. This is the decisive step towards the final company separation of Eni's gas transportation activities.

The listing will take place by the end of this year, once obtained the requested authorisations and subject to the favourable market conditions at the time of the flotation.The listing will be made through an initial public offer for the subscription and sale, and a private placement to Italian and foreign institutional investors of shares that will be issued according to the share capital increase to be executed by cash.

In order to implement the IPO and the private placement, up to 1,445,980,000 ordinary shares, nominal value 1 euro each will be issued.

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