A PYMNTS Company

Eni must sell off entire stake in Snam

By  |  May 28, 2012
Eni must sell off entire stake in Snam

The Italian government has approved a decree that forces Eni to sell its entire 52 percent stake in Snam, a gas-network operator. The order requires Eni to sell 25.1 percent of its stake to Cassa Depositi e Prestiti SpA; the rest is to be sold to investors. The rationale for the order is that the sale will open up Italy’s gas-pipeline network, increasing competition and cutting prices. The sale is to be completed within 18 months.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: Bloomberg

     

    Related content: The Great Reformer: Mario Monti’s Legacy in Article 81 and Cartel Policy (Margaret Bloom, King’s College London, Freshfields Bruckhaus Deringer)

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.