Jun 04 - The Board of Directors approves the merger of Italgas Più in Eni

Source Press Release
Company ENI S.p.A. 
Tags Strategy - Corporate
Date June 23, 2004

The Eni Board of Directors has approved the partial division of Italgas, with assignment to Eni of the shareholding held by Italgas in the italian companies that commercialize gas (including the 100% shareholding in  Italgas Più) and foreign companies (including 40% in Tigaz), as well as the merger of  Italgas Più in Eni.  Italgas, with the headquarter in Turin, will continue to manage the entire distribution network.

As a result of the Italgas Più merger, Eni will have direct access to the 4.9 million clients supplied by the company in Italy, optimising its commercial structure.

The entire operation is in line with the aims of the Public Purchase Offer launched in 2003 for the shares of Italgas and simplifies the Group’s shareholding structure.

During the same meeting the Eni Board of Directors approved the merger of EniData of which Eni already owns the entire shareholding.

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