Italy Sells $1.5 Billion Stake in Eni
By Adria Calatayud
Italy's government sold a stake in Eni for 1.37 billion euros ($1.49 billion), reducing its ownership in the energy group to about 2%.
The Italian Ministry of Economy and Finance said Thursday that it sold shares representing a 2.8% stake in Eni for EUR14.855 each, which represents a 1.7% discount to the company's closing share price on Wednesday.
The sale is expected to settle on May 20.
The ministry said on Wednesday that it had committed not to sell additional shares in the company for 90 days.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
May 16, 2024 02:52 ET (06:52 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Six Sports Betting and iGaming Stocks Trading at a Discount
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations