Italian energy giant Eni said
Wednesday that it has completed the sale of a 10% stake of
engineering unit Saipem in an operation worth 393 million euros.
The transaction was carried out at a price of 1.97 euros per
share, a discount of 9% compared to Tuesday's closing price of
2.06 euros on the Milan stock exchange and a gain of over 30%
compared to the value at the beginning of the year.
Eni said the settlement of the transaction will take place on 14
June.
It said that it holds 21.19% of Saipem's share capital after the
placement.
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