Eni sells 1% stake in Galp

 Italian oil giant Eni has sold a 1% stake in Portugal’s Galp Energia.

Eni S.p.A. (“Eni”) has completed the disposal through daily sales on the stock exchange of approximately 1% of the share capital of Galp Energia SGPS S.A. (“Galp”), corresponding to the residual stake subject to the right of first refusal of Amorim Energia B.V. (“AEBV”) under the agreement previously disclosed to the market, which has not been exercised by AEBV.

The aggregate consideration of the sales carried out from 5 May to 18 June 2014 amounted to approximately € 107 million. The settlement of the sales has been carried out during the abovementioned period and has been completed yesterday.

Following the sale, Eni holds 66,337,592 ordinary shares corresponding to approximately 8% of Galp’s share capital, entirely underlying the approximately € 1,028 million exchangeable bond issued on 30 November 2012 and due on 30 November 2015.

Related:  Eni reduces stake in Galp Energia

 

Press Release, June 24, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GeoConvention 2019

GeoConvention offers some of the best local and international insights to efficient energy exploration…

read more >

16th MOSCOW INTERNATIONAL OIL AND GAS EXHIBITION

The Moscow International Oil & Gas Exhibition display products like oil and gas products, oil and gas services…

read more >

Erbil International Oil & Gas Exhibition 2019

The event will be held at the Erbil International Fair Ground which is one of the largest energy related events in Iraq…

read more >

THE 24 th IRAN INTERNATIONAL OIL , GAS , REFINING & PETROCHEMICAL EXHIBITION

The second largest OPEC producer, Iran sits atop 11 percent of oil and 18 percent of gas…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply