Eni Launches Sale Of Another 5% Of Snam’s Share Capital

Eni said Tuesday 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 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.