The Italian government is planning to sell up to 4% of Eni after the oil company completes its buyback plan, expiring in April, so it can collect around 2 billion euros and reduce its debt, Bloomberg reports citing sources close to the matter.
In one of the latest conference calls, Eni's management announced that it wanted to bring forward the closing of the purchase of treasury shares with respect to the April 2024 deadline.
No comment from the Ministry of Finance.
Privatizations amounting to around 1% of GDP are one of Nadef's multi-year objectives.
At the World Economic Forum in Davos, the Minister of Economy Giancarlo Giorgetti explained that he had spoken about the sale of some shareholdings with foreign funds.
The Ministry of Economy and Finance holds a 4.7% stake in Eni, while Cassa Depositi e Prestiti holds 27.7%.
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